What is a CVA?

Many concerned company directors come to us to ask what is a company voluntary arrangement? A CVA is a legal agreement that give a business a structured arrangement on paying what they are able to afford in relation to existing debts. This arrangement is a massive help to any company director worried about the possibility of insolvency, as a CVA:

Many concerned company directors come to us to ask what is a company voluntary arrangement? A CVA is a legal agreement that give a business a structured arrangement on paying what they are able to afford in relation to existing debts. This arrangement is a massive help to any company director worried about the possibility of insolvency, as a CVA:

  • Allows you to stay in control of the company
  • Takes several different creditor debts and consolidates them into one payment
  • Provides the business with legal protection from creditors
  • Enables the company to carry on trading, giving time for a restructure and turnaround in profitability

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3 Key Questions on Company Voluntary Arrangements

What are the criteria for having a CVA accepted?

As you look into different types of CVA service and finding the right option and structure for you, it is helpful to know what constitutes an effective CVA with a strong chance of being accepted. You’ll want to find a CVA that:

  • show you are a business that can return to profitability.
  • is a commercially structured deal – where your business pays the “right amount over the right timeframe”.
  • includes the introduction of appropriate working capital (as well as the restructuring of debt).
  • offers buy-in from the management team regarding the future changes within the business.

 

How do you make sure your CVA is structured well?

Once the Directors of the business have discussed the long-term view of the company, and feel that it is a viable business, it’s essential to take the advice from an experienced Insolvency Practitioner, with experience in structuring CVAs, in order to get the right CVA for your company.

You’ll want to make use of a financial expert who can talk you through company voluntary arrangement definitions for all forms and types of CVA. The best options will be advisors that are not only experienced in structuring CVA deals, but that have also had success in gaining acceptance of the deals.
 

How do you find the right expert for your CVA?

Given the range of advantages offered by a CVA, you will want to find a CVA expert who can give the best possible chance of your CVA being accepted. An experienced Insolvency Practitioner such as The Insolvency Experts will be able to draw from our experience of successfully accepted CVAs, in order to improve the chance of it being accepted, and ultimately returning the business to you. To speak to us in more detail about company voluntary arrangements, you can get in touch with us by phone or email, with details available on this page and in our Contact section.
 

How do I find the right CVA expert?

Here at the Insolvency Experts, we have a wealth of experience in helping clients across the UK to navigate the process of constructing a company voluntary agreement that helps protect the financial interests of their company. To speak to a CVA expert, contact us today if you believe this may be appropriate for you. For more information, email us on enquiries@theinsolvencyexperts.co.uk or give us a call on 0300 303 8284.

How we’ve helped others through
rescuing their business

At the Insolvency Experts our sole aim is to rescue, recover and renew businesses that are in difficulty. We are specialists in corporate turnaround and help business overcome cash flow difficulties and other financial problems. Our experts:

  • Help you to take the appropriate steps to meet any impending deadlines
  • Have a long track record in helping companies in similar positions
  • Can help you take the best course of action, often using your assets to help you avoid additional cost

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We helped a struggling Birmingham restaurant from going into administation:

  • Turnover £890K
  • Total Creditors £94K
  • Assets £340K
  • HMRC Overdue £20K
  • Profit Now +£15K

We helped a marketing agency from going into administation:

  • Turnover £700K
  • Total Creditors £120K
  • Assets £20K
  • HMRC Overdue £30K
  • Profit Now +£80K

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Why Choose Us?

We understand you have already made every effort to avoid insolvency and day to day life is stressful at the moment. We can start immediately and quickly work with you through the process.

We see many examples of great businesses that have fallen on hard times or suffered through no fault of their own.

We understand that the company directors and shareholders have already tried valiantly to carry on trading, but circumstances dictate that this is no longer possible.

  • We Remove Stress
  • We Act Quickly
  • We Are Cost Effective
  • We Are Formally Accredited
  • We Are CVL Experts
  • We Act Confidentially

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