TCM are pleased to announce that they have successfully negotiated an early exit from the Company Voluntary Arrangement which was put in place three years ago. It was a tough decision made by the company to enter the agreement due to a substantial bad debt. TCM are proud to say this difficult time has come to an end.
The early exit reflects the dedication that TCM has demonstrated in making improvements to the business and planning for long term success. TCM are confident of their position in today’s market and would like to thank all of its suppliers, creditors and friends in the invasive weed industry who have offered their support over the last few years.
Managing Director, Howard Downer comments; “We are delighted that we have managed to negotiate an early exit from the CVA and are now looking forward to a long and successful future in the business. I would personally like to thank everybody involved for their continuing support. TCM, having exited the CVA 2 years early have now been put on a secure financial footing and will be around offering a great service to customers for a long time to come.”
