There is a great solution for your problem and you've found it……It’s called the Company Voluntary Arrangement and it is a legally binding deal with creditors. What does CVA mean and how does a company voluntary arrangement work? Well these pages will help you learn all about the CVA tool and how it can help your company!
Company Voluntary Arrangement Benefits for YOUR company.
FIRST the simple description of a CVA!
It is simply a deal between the insolvent company and its creditors; this deal places a ringfence around the company and stops creditors attacking you. It allows a viable but struggling company to repay some, or all, of its historic debts out of future profits, over a period of time to be agreed.
Directors stay in control and it stops any legal actions if you use a quality advisor.
It has been in UK law since 1986 and is one of the Government's preferred rescue options.
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Company Voluntary Arrangement Detailed Guide - all you need to know about CVA’s: from framing the deal through to creditors' votes at the creditors meeting.
Company Voluntary Arrangement FAQ’s – frequently asked questions from our users. Read these and see if your question is answered.
Company Voluntary Arrangement Flowchart – a fast and unique pictorial view of the process of CVA, from start to approval. Print our flowchart off for very quick reference.
NEW! GET YOUR COPY NOW..........
"Complete Expert's Guide" to the Company voluntary arrangement. Unique, hugely detailed and comprehensive, all of CompanyRescue's guides and more in one 80 page PDF. Free upon request by email, get all you need to know one book.
So, isn't using a CVA better than seeing the company go bust, close down and every creditor losing their money and an ongoing customer? CVA’s are amazing for rescuing a distressed company when you know it can be profitable in future. You can make employees redundant with no cash cost, you can get out of property leases and problem contracts and make the business profitable again with the CVA.
In the time it takes us to organise the CVA for you, we will freeze your payments to VAT, PAYE and creditors. Then together we offer the creditors a deal over time to pay something back from future profits. This improves the cashflow in your business. You manage the company, we manage the CVA process.
"If it’s so great, why doesn’t everyone use the CVA if their business gets into trouble”?
The answer is because very few people know about this fantastic tool and most companies end up going bust because directors are scared of insolvency. And most people don't get help from us! So why don't people know about CVA's?
CVA Expert Keith Steven says
”Use KSA's company voluntary arrangement experts to propose your CVA and we will guarantee that it will be accepted by creditors. More than 97% of our client’s CVA proposals are accepted by HM Revenue & Customs and the trade creditors. None were blocked by their banks ”!
Want to speak to a friendly trained advisor? Contact KSA CompanyRescue Birmingham on 0800 9700539 or 0121 3780671 now. Or email keiths@ksagroup.co.uk