Company Voluntary Arrangement (CVA)

A Company Voluntary Arrangement (CVA) is an alternative to liquidating your company allowing it to trade out of its financial difficulties over a specified period of time.

A Company Voluntary Arrangement (CVA) is a rescue procedure which enables a financially troubled company to reach a binding agreement with its creditors about payment of all, or part of its debts, over an agreed period of time.

Umbrella.UK Insolvency Company Rescue Recovery and Closure Advice for business owners.

CVAs allow the directors to continue trading whilst maintaining control of the company.

Umbrella.UK Insolvency Company Rescue Recovery and Closure Advice for business owners.

CVAs stop pressure from creditors including HMRC and freezes all interest and charges.

Umbrella.UK Insolvency Company Rescue Recovery and Closure Advice for business owners.

Your company pays one simple, affordable monthly payment to its creditors.

When is a Company Voluntary Arrangement (CVA) appropriate?

  • The company is insolvent in that it cannot pay its debts as and when they fall due or where its liabilities exceed its assets.
  • The company is facing financial pressures but wants to avoid liquidation.
  • The company is confident of being profitable in the future.

If you are unsure what situation your business is in, don’t worry! Call our confidential expert advisers about a Company Voluntary Arrangement CVA on 0800 611 8888

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    Process for a Company Voluntary Arrangement (CVA)

    A Company Voluntary Arrangement (CVA) proposal is drafted by the company directors with the assistance of our Insolvency Practitioner, known as the Nominee. The proposal is sent to the company creditors outlining the Company Voluntary Arrangement (CVA) and giving them notice of the creditors meeting.

    At the creditors’ meeting at least 75% (in value) of the voting creditors must approve the Company Voluntary Arrangement (CVA) for it to be passed. The approved Company Voluntary Arrangement (CVA) legally binds everyone to the arrangement whether they voted or not.

    The Company Voluntary Arrangement (CVA) will come to a successful conclusion on or before its 5th anniversary and any outstanding unsecured debt will be written off and the company is legally free from debt.

    Once appointed we will

    • Collect the monthly contributions from the company
    • Agree creditor claims and make distributions
    • Ensure that all arrangement terms, including any modifications, are enforced

    CVAs Company Voluntary Arrangement (CVA). *We don’t charge for an initial consultation, but it may lead to an insolvency solution where our pre-appointment costs are reimbursed as part of the fee structure that creditors approve.