Kwik Fit operates a chain of tyre fitting and auto care outlets in Kenya. Violence in 2008 following disputed elections and lack of working capital substantially hindered the business, causing trade to decline and the company entering receivership. Duly appointed as receivers we successfully traded the business for some time then concluded a settlement agreement between directors and the bank. The company was returned to its directors to continue trading with redundancies minimised. Our local and international knowledge gave us a powerful position in negotiations resulting in a successful recovery for the bank.
Related Case Studies
Contact Begbies Traynor Group
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.