Company Voluntary Arrangement

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What is a Company Voluntary Arrangement?

We can make agreements with your creditors to pay over a fixed period whilst you continue to trade.

A Company Voluntary Arrangement (CVA) is a means of meeting the demands of the company’s creditors, either in part or in full, over a period of time, interest free. The aim is to avoid the company having to go into liquidation, provide protection from legal action, giving the business an opportunity to trade out of it’s financial problems whilst protecting the jobs of staff and giving a financial return to the creditors. The CVA lasts for a limited period of time.


A Company Voluntary Arrangement (CVA) is a procedure which enables an insolvent company to reach an agreement with its creditors to delay or compromise the payment of its debts.

A CVA is flexible and can be adapted to meet the needs of any business. In essence, a CVA will replace the terms of the company’s existing contracts with its creditors with new terms as set out in the CVA proposal. For example, the proposal might require the company to pay a fixed monthly sum into the arrangement for a set number of years so that creditors receive a minimum dividend. While the payments are maintained and no further action is necessary, the directors retain control of the company and once the arrangement is successfully concluded the company remains in the control of its existing members and management.


Creditors will usually agree to support such a CVA where it can be shown they will achieve a better outcome than if the company was liquidated and the business and assets sold.


Contact us on 0791 88 66 245 for further information.

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