Company Voluntary Arrangement (CVA)

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What is a Company Voluntary Arrangement(CVA)?

A CVA is a legally binding agreement between and insolvent company and its creditors.

This typically allows companies to agree to pay a certain percentage of their debt back over an agreed period of time. This enables the company to continue and their creditors to receive an agreed amount back. Once in place a CVA can give a company in financial trouble the breathing space to facilitate a return to solvency. It prevents creditors taking any further action or continuing to send demand letters.

Advantages

  • Directors to remain in control of the company
  • Shareholders to retain their stake in the company
  • If implemented successfully, guarantees a return to the creditors.

Disadvantages

  • There is no guarantee that your creditors will accept the proposal
  • If the repayment schedule is not maintained it could still end in the company being liquidated
  • It does have a negative effect on the company’s credit rating.

If you feel that there is still value within your business, entering a Company Voluntary Arrangement could help realise that value, do not hesitate in contacting us today for free advice.

How To Proceed With Company Voluntary Arrangement

If you wish to proceed with an Administration or simply need more advice about your situation then we would love to talk to you. We are a national firm of Insolvency Practitioners with over 20 years in dealing with insolvent businesses. Call us in confidence on 0800 090 3041 for more information.

Call today for FREE advice on your business debts 0800 090 3041


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‘Insolvency can be a daunting prospect for any Director which is why we tailor all of our advice to the individual circumstances of the company. We do not believe in a ‘One size fits all’ approach.

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We provide a range of insolvency services designed to assist Directors with either rescuing or closing a Limited Company.