0800 158 5240

Company Voluntary Arrangement (CVA)


As problems continue to mount in the economy, in the banking sector and in the political arena, we feel that this arrangement can often represent the best ‘rescue’ solution. Here are some of the reasons why:

 

  • If your company is essentially viable but you have cashflow problems, a CVA gives you the opportunity to relaunch your balance sheet.

  • It can prevent creditors from winding up or taking other court action and so ensures that cashflow pressure is immediately eased.

  • The company can continue to trade with the existing management and board of directors in place.

  • It can be used to legitimately write off company debts.

  • It treats all creditors, whether they are your bankers, HM Revenue & Customs or your key suppliers, with greater fairness than other turnaround techniques.

  • It is extremely cost effective in terms of professional expense compared to administration or liquidation and leaves the directors’ personal financial affairs much less exposed.

  • A CVA can be written, proposed and approved in less than one month.