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Home“What if there was a way we could save our company, get rid of overheads, costs and staff, rebuild our sales and profits without closing it? We don’t want to see all of our hard work destroyed and have the misery of going bust”!
There is a great solution for your problem and you've found it……
It’s called the Company Voluntary Arrangement and it is a legally binding deal with creditors. What does CVA mean and how does a company voluntary arrangement work? Well these pages will help you learn all about the CVA tool and how it can help your company!
Company Voluntary Arrangement Benefits for YOUR company.
- Company voluntary arrangements (CVA's) can improve cashflow, quickly.
- Stop pressure from tax, VAT and PAYE while the CVA is prepared.
- A company voluntary arrangement can cut costs quickly.
- Company voluntary arrangements can terminate employment contracts, leases, onerous supply contracts and all with NIL CASH COST.
- You can terminate landlords leases with NIL cost with a well written CVA! Simply walk away from the lease, using our expertise.
- You can terminate directors or managers contracts too.
- Terminate onerous customer contracts.
- Board and shareholders generally remain in control of the company.
- Much lower costs than Administration or Receivership
WANT THOSE BENEFITS FOR YOUR COMPANY? CALL THE CVA EXPERTS NOW. 0800 9700 539 OR CALL KEITH STEVEN, CVA EXPERT ON 07974 086779 7 DAYS PER WEEK....
FIRST the simple description of a CVA!
It is simply a deal between the insolvent company and its creditors; this deal places a ringfence around the company and stops creditors attacking you. It allows a viable but struggling company to repay some, or all, of its historic debts out of future profits, over a period of time to be agreed.
Directors stay in control of the company with KSA providing support. It can stop legal actions if you use a quality advisor.
It has been in UK law since 1986 and is one of the Government's preferred rescue options. The recent Budget (April 2009) proposed changes to the CVA because the Government wants more companies to use this brilliant approach.
Further useful guides to CVA:
"Complete Expert's Guide" to the Company voluntary arrangement. Click for Keith Steven's unique, hugely detailed and comprehensive guide. All of CompanyRescue's CVA guides and more in one 89 page PDF. Learn from the CVA expert, free of charge. We want people to learn about the best method in the world for saving a business. We are so convinced this is the best solution for good, viable companies we give it away free.
Company Voluntary Arrangement Detailed Guide - all you need to know about CVA’s: from framing the deal through to creditors' votes at the creditors meeting.
Company Voluntary Arrangement FAQ’s – frequently asked questions from our users. Read these and see if your question is answered.
Company Voluntary Arrangement Flowchart – a fast and unique pictorial view of the process of CVA, from start to approval. Print our flowchart off for very quick reference.
Company Voluntary Arrangement Case Studies - over 30 case studies - click now!
CVA Worries. Or common comments like “No, we cannot use the CVA mechanism because our suppliers won't supply”: Not so, they will supply when KSA CompanyRescue has talked to them!
CVA versus Administration? Callers often say they have been told to use Administration. Here we compare it to CVA.
CVA Moratorium - How does this work? Our new guide to the question of protecting the company with an informal or formal moratorium. (Technical guide).
CVA plus Hive Down new technical options guide from CompanyRescue, June 2008.
Company Rescue in Scotland Business in Scotland? Read this and be shocked at the lack of rescue culture north of the border. We have many Scottish managing directors who champion the CVA!
Company Voluntary Arrangement for a LLP - new guide to how to rescue a Limited Liability Partnership (LLP). See professional powerpoint presentation on this case here - CVA for a LLP (0.7mb) presented by Keith Steven of KSA for R3 Conference on partnership and LLP Insolvency.
So, isn't using a CVA better than seeing the company go bust, close down and every creditor losing their money and an ongoing customer?
CVA’s are great for rescuing a distressed company when you know it can be profitable in future. You can make employees redundant with no cash cost, you can get out of property leases and problem contracts and make the business profitable again with the CVA and our help!
In the time it takes us to organise the CVA for you, we will freeze your payments to VAT, PAYE and creditors. Then together we offer the creditors a deal over time to pay something back from future profits. This improves the cashflow in your business. You manage the company, we manage the CVA advisory process.
"If it’s so great, why doesn’t everyone use the CVA if their business gets into trouble”?
The answer is because very few people know about this fantastic tool and most companies end up going bust because directors are scared of insolvency. And most people don't get help from us! So why don't people know about CVA's?
Well the insolvency profession generally does not use them, the DTI (DBIS now) has not generally publicised them and few people know how to use them properly.
However, DBIS now wants more and more people to use CVA's: see this consultation report on encouraging and improving Company Rescues. (Encouraging Company Rescues (DBIS Consultation document).
Independent report into CVA's
Tim Mocroft produced this detailed report into the CVA mechanism and the attitudes of Government, the insolvency profession and business managers to restructuring companies. It sheds light on why many people are not aware of the CVA tool.
CVA Expert Keith Steven says
”Use KSA's company voluntary arrangement experts to propose your CVA and we will guarantee that it will be accepted by creditors. More than 98% of our client’s CVA proposals are accepted by HM Revenue & Customs and the trade creditors. None were blocked by their banks ”!
Want DIRECT, BESPOKE advice for your business? Call us on 0800 9700539 in business hours. Or call Keith Steven on 07974 086779. I want to help you.
Company voluntary arrangement London: we have an office in the City, (Old Broad Street) - if you or your client wish to meet to discuss CVA's in London please call 0207 877 0050.
Company voluntary arrangement Birmingham: we have an office in Sutton Coldfield with expert experienced advisors. If you or your client wish to meet to discuss CVA's in Birmingham please call 0121 378 0761.
Our insolvency office in Newcastle / Gateshead can arrange for quick advice and a free meeting with the leading rescue/insolvency advisor in the North of England, so do please call Eric Walls now on 07787 278527.
