Company Voluntary Arrangement of builders


  • General builders with a turnover of £4M
  • Overtraded with high WIP balances
  • HMRC very unsympathetic owing to poor compliance history


  • HMRC – £600K
  • Trade – £270K
  • Bank – £84K


  • Quantuma and accountants reviewed and restructured trading
  • Support of Bank and main merchants obtained
  • HMRC support also obtained after exhaustive discussions
  • Return to unsecured creditors 34%


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