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Company Voluntary Arrangements

What is a company voluntary arrangement (CVA)? How can you do a company voluntary arrangement? And how does a CVA it work?

If a company has a viable future, but has cash flow problems then a company voluntary arrangement could provide a solution to achieve the long term viability of the business. The advantages are that it enables the company to continue to trade with a view to improving the position of the creditors whilst at the same time protecting the company from court action and winding up procedures.

The CVA is a formal compromise between the company and its creditors which allows creditors to be repaid an agreed amount over an agreed period of time. The proposals must have the support of more than 75% of the creditors who are voting at the meeting.

Consultation with the main creditors is essential and we work closely with both directors of the business and creditors in order to agree a formal mutually beneficial solution.

Our experienced and friendly team are waiting to hear from you and will be delighted to answer your questions on company voluntary arrangements and provide you with advice on all of the options available subject to your particular circumstances.

Please contact us on 0800 092 8002 or email us at info@buchananroxburgh.co.uk for a free and confidential consultation. Alternatively simply complete the form on the right, one of our advisors will get right back to you on the same day or next working day if you contact us out of hours.