Restructuring & Insolvency

Case Study

Cryptocurrency – Cubits Exchange Insolvency

Cubits used PaySec to overcome the payment restrictions in place in China. PaySec was responsible for the cash settlement of BTC purchased by Cubits’ Chinese customers. The accounts of three Chinese customers were allegedly hacked.

Manufacturing – Failure of integration creating cash flow issues

Losses were encountered, sales were lower than anticipated coupled with greater than forecast direct costs due to delays encountered in integrating the businesses and achieving the growth needed.

Construction – Cash flow challenges

Due to greater than expected groundwork costs the developer had run out of working capital. The units were structurally complete but required internal finishing. The primary lender was faced with little option than enforcement action.

Opus national coverage expands further with new Maidstone office

March 3, 2021

Following its latest office openings in Bristol, Leeds, Newcastle upon Tyne and Nottingham, the Opus Business Advisory Group has extended its network in the South […]

The uncertainty of post-pandemic growth

February 24, 2021

As the government rolls out its mass vaccination programme as a last resort solution to the Covid crisis, there may finally be hope of some […]

A good time for a financial and commercial health check?

February 11, 2021

As we approach the first anniversary of the start of the Coronavirus crisis, few businesses have been left unmarked by the most extraordinary twelve months […]

Can I sell my business after taking a hit from Covid-19?

January 26, 2021

What happens to business value? As a business owner you may be contemplating your future at a time when seismic changes are occurring within the […]