Company Voluntary Arrangement

Company Voluntary Arrangement

Leicestershire | Warwickshire
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Company Voluntary Arrangement

What is a Company Voluntary Arrangement (CVA)

This happens if your company becomes insolvent and you come to an arrangement with your creditors to delay or negotiate a payment arrangement of your debts. You can adapt a CVA to meet the needs of your business, enabling it to keep trading whilst paying off the debts in a way that’s affordable.

A CVA can provide the perfect solution if your company is fundamentally sound but is undergoing short-term cash flow problems. It gives a buffer to your company, giving it time and legal protection from your creditors to organise its finances.  Creditors are inclined to support a CVA where it’s clear that this will achieve a better outcome than liquidation.

How do we approach our role?

Once we’ve helped you and your fellow directors to compile a proposal, you would invite us to act as your ‘nominee’. We’d then take the following steps -

Throughout the process, you and your fellow directors would be in charge of the day-to-day running of the company.

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Find out more about how we can guide you through a CVA.  We’re here to help with clear, straightforward support.

Call us on 0116 2325117 (Leicester) or 01926 671891 (Warwick), or email us on info@smartbusinessrecovery.co.uk