Company Voluntary Arrangement. (CVA)

What does a Company Voluntary Arrangement do for your company, basically buys you time to sort out your financial difficulties, enabling you to get your business back on track.

Whatever is owed to your creditors is paid back over a longer period of time and often, there is a reduction in the amount you actually pay. A CVA is a legal agreement between a company and its creditors – and it could result in up to 80% of a company’s debts being written off.

As with all insolvency procedures, a CVA can only be handled by Licensed Insolvency Practitioners and it’s essential to explore and consider all your options before you decide upon the best solution for your business. That’s why our specialist business team is on hand to give you professional advice.

If your business has a viable future, but your present cash flow is pressured by debts from the past, a CVA may be the most effective way of moving forward. You stay in business, you can continue to trade and, as a CVA causes the minimum of disruption, your customers often remain unaware you have a CVA in place.

To find out more about the many ways we can help you, contact the specialist business team today or call 01204 867615 .