Having done over 500 CVAs over the 20 years, we understand the emotional rollercoaster that directors of companies can often experience when faced with insolvency and using a company voluntary arrangement to dig themselves out of the hole. Whether you are on the board of a large business with thousands of employees or run 5 restaurants employing 100 people the actual situation is exactly the same and the creditor profiles will be similar - Banks, HMRC, shareholder loans, Alternative finance, suppliers, mission critical suppliers and landlords. As such, we are offering a service to boards of larger firms that are already going down the route of a CVA.
Common worries that occur are
- What do we tell our customers?
- Will suppliers keep supplying
- Bank accounts
- Aggressive creditors
- What about deposits?
- Affect on other parts of the business
- Property issues
- Employee engagement
- Public relations
- Personal guarantees regarding directors
What we can do
- Explain the process in layman’s terms so you can engage constructively with your current advisors.
- Help you prepare questions to ask your advisors.
- Set out possible answers, outcomes for you to be aware of.
- Give views on some questions you may have about your specific situation but we will be mindful that you should act on your principal advisers advice.
- We can be a sympathetic ear to your worries and help and support you.
- We will be strictly impartial and will not push any different route/strategy. We may not have the resource to help a company like Pizza Hut for instance but we know the process as well as anyone.
How does it work?
Our directors Keith Steven, Eric Walls or Wayne Harrison can join a board meeting ( via Zoom/teams/etc if necessary) and answer questions. We charge just £500 + VAT to attend a board meeting. If you need further advice then details on application.
If you want to talk to us then please email Keith Steven direct at email@example.com for further details. References available on request.