Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement (CVA) is a formal agreement between a company and its creditors that helps businesses manage their debts while continuing to trade. It provides an opportunity for companies experiencing financial difficulties to restructure their repayments and work towards long-term stability.
How Does a CVA Work?
Why Choose a CVA?
A CVA can be an effective solution for companies that are struggling with debt but still have a viable future.
Benefits of a CVA
A CVA can be an effective solution for companies that are struggling with debt but still have a viable future.
A Company Voluntary Arrangement may be suitable if:
• Your company is under pressure from creditors.
• Your business is experiencing cash flow difficulties.
• You want to avoid liquidation and continue trading.
• Your company has a strong customer base and future potential.
• Outstanding debts are preventing business growth.
• Late payments from customers have affected your finances.
• The business requires restructuring to improve performance.
• Previous repayment arrangements with creditors have not been successful.
• Temporary market conditions have impacted trading performance.
The Process
The first step is to complete our CVA eligibility assessment.
Our team will review your company’s circumstances and determine whether a Company Voluntary Arrangement is a suitable option.
If eligible, we will help calculate an affordable monthly contribution based on your company’s financial position.
Once you are happy with the proposed arrangement, the case can be referred to a licensed Insolvency Practitioner who will prepare the necessary documentation and present the proposal to creditors for approval.
If the required creditor approval is obtained, the company enters into the CVA and begins making the agreed monthly payments.
If you would like to discuss your options before completing the assessment, please contact our team by phone or email.