A Company Voluntary Arrangement is a formal agreement between a business and its creditors that allows debts to be repaid over an agreed period while the company continues to trade.
Every proposal is different. We’ll work closely with you to understand the challenges facing your business, assess future viability and prepare a realistic proposal that gives creditors confidence while providing the business with the opportunity to recover.
Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement Could Help Your Business Continue Trading
Financial difficulties don’t always mean a business has reached the end of the road.
Where a business remains fundamentally viable, a Company Voluntary Arrangement (CVA) can provide the opportunity to restructure historic debt, continue trading and create a more sustainable future.
Our role is to understand your business, assess whether a CVA is the right solution and help you explore every available option before recommending a formal insolvency process.
Helping Viable Businesses Move Forward
Could a CVA Be Right for Your Business?
A Company Voluntary Arrangement isn’t suitable for every business.
We’ll only recommend a CVA where we believe it offers a realistic opportunity to protect the business and deliver a better outcome than the alternatives.
A CVA may be appropriate where:
- The business is fundamentally viable but experiencing financial pressure.
- Historic debt is restricting future growth.
- Directors want to continue trading while restructuring liabilities.
- Creditors are likely to achieve a better outcome than immediate liquidation.
The earlier advice is sought, the more options are often available.
A Practical Alternative to Liquidation
Every business has its own story, which is why every solution should be tailored to the circumstances.
We’ll take the time to understand what’s happened, what’s changed and what you’re trying to achieve before recommending a course of action.
Where a Company Voluntary Arrangement is the right solution, our experienced Insolvency Practitioners will work alongside you throughout the process, helping you navigate discussions with creditors and providing practical advice at every stage.
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CY Insolvency & Restructuring Services
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