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KSA Group CompanyRescue. Introduction to KSA for Professional Advisors and new Enquiries. Who are we?. KSA was formed 1997. Named KSA Group from 2009 Keith Steven MD Responsible for company strategy, client deal structure, rescue and legal work, websites and business development.
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KSA GroupCompanyRescue Introduction to KSA for Professional Advisors and new Enquiries
Who are we? • KSA was formed 1997. Named KSA Group from 2009 • Keith Steven MD • Responsible for company strategy, client deal structure, rescue and legal work, websites and business development. • CVA expertise. 15 years experience TMP plc, Claremont Capital & KSA • Eric Walls Insolvency & Turnaround director • 16 years of insolvency experience . Licensed by the IPA, office holder on all KSA insolvencies. Building national team of IP’s • Iain Campbell, operations director • Operations director, oversees the CVA work/deals, the creditor/client issue and delivers the results • Manages staff and operation
Who are we (cont) Andrew Hunter ACA Analyst 22 yrs City analyst with ANZ, Hoare Govett, Merrill Lynch. Drives specialised forecasting tools for CVA’s administrations Assess all KSA clients forecasts. Deal structure Grant Jones (NED) LLM, FCA, Solicitor & Licensed Insolvency Practitioner Professor Insolvency Law , Author Director of Morrison Stoneham (Tenon) when listed on AIM
KSA Aims • To be the leading Turnaround Practitioners in the UK • Build portfolio of successful client turnarounds • Use internet to reach distressed clients efficiently • www.companyrescue.co.uk UK’s top site • Develop innovative turnaround techniques • Drive national growth • Provide full suite of rescue and recovery options through offices across UK • Build business value, seek listing, MBO or trade sale
Marketing & BusinessDevelopment • Getting to the market? • Internet – • www.companyrescue.co.uk – UK’s leading site • www.liquidatemycompany.comwww.dissolvemycompany.com • Business referral • Keith Steven former director of Turnaround Management Association UK • Know many VC’s, PE people and professionals • Reputation, awareness, banks, Crown, professionals
National Coverage • Web drives national enquiries • Filtered by web and trained advisors in NE • Team of 8 sales people covers UK • FD Centre link – 95 CA’s cover country • Team of turnaround experts including SKS Consulting, Boden Leighton, Insight Associates
KSA Turnaround & Insolvency • Provides turnaround products CVA, pre-pack & administration deals • Deal making and structuring • Control creditors (creditor liaison) • Restructure balance sheet (remove pressure) • Enable structure for recovery • Framework to introduce financial products • Liquidation and business closure
Non Executive Directors • Longer term, but some hands on initially • Strategy, compliance with law, Mentoring, planning • Develop relationships with investors • M&A (mergers & acquisitions) etc • Access to NED’s across UK in all sectors • City, quoted, large corporate, SME’s • Help assure longer term turnaround
Financial Rescue Products • We arrange financial products with a JV Broker • Loanstock • Asset Finance • Factoring and Equipment finance • Have links to a number of vulture funders • Turnaround Funding available Kairos Fund • Up to £100m available from mid July 2009 • HNWI’s - looking for distressed buys
Target clients? • Small to Medium Enterprises • Our definition for which is • Sales of £500k to around £50m • Employing 5 to 500 people • Sub-prime or distressed companies • Currently insolvent or near insolvent • Under pressure, management failing • Need to restructure viable business
Typical client? • Those we like • Manufacturing, engineering – “making” companies • Service based businesses • Recruitment, security, software • Can do CIC, Limited By Guarantee and LLP’s • Those we do not • Start-ups – unless looking to acquire or VC backed
Why do we use CVA’s ? • Flexible deal structure • Control – directors remains in control • Control – creditors are controlled by the KSA CVA process • Time – A defined period to conclude the deal • Cost Effective • Terminate unwanted leases and staff • LEVERAGE unsecured creditors debt • Force banks to table
Pre-pack Admins • Done compliantly (SIP 16) – powerful tool • Careful now saves time later! • Process driven, market, value, contract, sell • Banks very anti sale to incumbents • Sale to third party – compliant • Quick, cheap done in 14 days • KSA deals with creditors in 2-3 months time • Trading Admins powerful too
Summary • We provide an integrated and coordinated approach to SME Turnarounds • Experienced restructuring, insolvency advisors • Saved hundreds of businesses and thousands of jobs using CVA and Admins • Short term management assistance • Longer term board assistance • Some do not work - all bust when we arrived! • How can we help you?