What is a Company Voluntary Arrangement (CVA)?
A Company Voluntary Arrangements are designed specifically for directors of limited companies who feel their company has a viable future and are prepared to keep the business trading. A CVA is a legally binding arrangement between the company and its creditors to pay back its debts over a period of time (typically 3-5 years).
If a company has a viable future but current cash flow problems have resulted in mounting pressure, it may be beneficial for the director to contact us regarding a company voluntary arrangement. Help and advice is available at each and every stage of the process.
Key Benefits
- The current directors keep control of the business and continue trading from a position of strength.
- May stop court action and winding up procedures.
- Eases immediate cash flow pressures.
- You only pay back what the business can comfortably afford.
- A CVA can write off up to 75% of your debts.
- If you keep up your repayments your company will be free from debt after the agreed time scale.
To discuss your financial worries please call 0800 0341 776 and ask to speak to a member of our team who will be happy to discuss your personal circumstances and help you decide which way is the best way forward for YOU.
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