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The leading CVA help and support company

Company Voluntary Arrangements or CVAs are a key part of the insolvency work undertaken by Focus Insolvency Group, a UK wide fully licensed insolvency practice with many years experience in dealing with a whole range of complex business and company debt problems.

We have dedicated teams of specialists in the key areas of accountancy, insolvency and law to provide immediate, impartial and confidential advice to struggling businesses and directors from across the UK.

Advantages of a Company Voluntary Arrangement

A Company Voluntary Arrangement (CVA) is a very well known insolvency rescue solution and has been part of UK law in its current form since 1986. Many companies have survived creditor action to wind up, or other cash flow crises, to prosper in the future after going down the CVA route.

Key advantages of a Company Voluntary Arrangement are:

voluntary arrangement1 The company is given more time and legal protection from creditors to sort its financial affairs out.

voluntary arrangement2 Creditors are legally stopped from continuing enforcement action while a Company Voluntary Arrangement is proposed or once it has been approved - provided the CVA terms are adhered to.

voluntary arrangement3 Creditors and other stakeholders will usually end up with a better financial outcome than if the business had simply been allowed to go into liquidation.

voluntary arrangement4 If a majority of creditors, who actually bother to vote, then vote in favour of the CVA then ALL creditors are automatically bound by the CVA terms.

voluntary arrangement5 Under normal circumstances a Company Voluntary Arrangement is a private legal matter and the company would not attract any publicity – usually only large "newsworthy" companies end up having such things broadcast.

voluntary arrangement6 The Company Voluntary Arrangement can only be administered by an insolvency practitioner such as ourselves and we will work very closely with the directors to ensure that the CVA rescue actually works for the benefit of everyone involved.

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What is a Company Voluntary Arrangement (CVA)?

A Company Voluntary Arrangement or CVA is a government approved legal solution which allows a company with significant debt problems, to make an agreement with its creditors to repay an agreed amount of these debts back over a period of time. At the end of the arrangement any remaining debt is totally written off and the company becomes debt free.

When a business is in financial trouble it is usually because cash flow has reduced and normal trade or tax debts cannot be repaid as per the original agreements. A Company Voluntary Arrangement allows the company to restructure these debt repayments based upon the reduced cash flow and pay back what the business can actually afford. If the creditors do not agree to the restructure then the business may end up being liquidated and the creditors would lose even more money.

If you would like to discuss your business circumstances and the possibility of a CVA in the strictest confidence then please give us a call today on 0800 043 50 43

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