I need advice on a Company Voluntary Arrangement

A Company Voluntary Arrangement is a process that companies can use to voluntarily repay their creditors over a fixed period. If your limited company is insolvent, it can utilise a Company Voluntary Arrangement (CVA) to pay creditors over this fixed period.

If creditors agree, your limited company can continue trading. If you’re a sole trader or self-employed, apply for an Individual Voluntary Arrangement (IVA).

A company or limited liability partnership (LLP) can apply if all directors or members agree. A CVA can only be arranged through a licensed insolvency practitioner.

At Quantuma Direct, our experienced team understands the intricacies of Company Voluntary Arrangements (CVAs) and the challenges associated with financial distress. With a focus on tailored solutions, we work alongside you to navigate the complexities of the CVA process, ensuring a comprehensive understanding of the arrangement’s terms and implications.

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Reasons for applying for Company Voluntary Arrangement

Our team of insolvency experts provide specialist advice in both corporate and personal matters, covering a range of processes including, but not limited to:

  • Liquidations
  • Receiverships
  • Administrations
  • Company Voluntary Arrangements
  • Individual Voluntary Arrangements
  • Bankruptcy

Things to consider when applying for a Company Voluntary Arrangement

Taking early and robust advice will help to maximise the options available to you:

Does your business have surplus funds which could be distributed in a tax efficient manner?

The planning and timing of a solvent liquidation is key

Do you have outstanding debts with personal guarantees?

Do you have mounting financial pressures?

Are you able to pay your creditors?

Have you considered your personal financial position?

No matter what type of business you operate, having a strong business adviser to support and guide you through the process is extremely beneficial for a positive outcome. Our team at Quantuma-Direct care about our clients and have the experience and skills to formulate business strategies that drive success.

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