A Company Voluntary Arrangement (or CVA) is best suited to companies which are profitable, or which have the potential to be profitable in the future but which have serious cash-flow issues. The existing company continues but is given protection from it’s creditors.

The effect of a CVA is that all your creditors (suppliers, including VAT and PAYE) agree to accept either a longer payment term or a reduced amount from you, or both. A typical CVA may defer payments for between two and four years and must be administered by a licensed insolvency practitioner who will report to the court. We can help with the negotiation with your creditors and the appointments of a suitable insolvency practitioner. When done well a CVA can allow you the breathing space to get back on your feet without the pressure from your creditors.