If the company’s circumstances are right, particularly where an underlying viable business is experiencing short term financial difficulties, a voluntary arrangement may provide the valuable breathing space necessary in order to turn the finances around.
An arrangement can enable a company to avoid the consequences of liquidation or receivership by allowing trade to continue through a managed process thus returning to the creditors a greater return and saving jobs.
Should we determine a CVA is appropriate for your company we will guide you through the procedure and assist in the formation and drafting of proposals which are to be presented to the company’s creditors. Where appropriate we will consult with other interested parties including government departments, lenders and major creditors to seek their views and requirements for a successful solution.
For more information or to arrange your initial free consultation please telephone Adrian Simcox on (01902) 393007.