Company Voluntary Arrangements for Business Recovery
Negotiate with creditors and regain control of your business.
Understanding Company Voluntary Arrangements (CVAs)
A CVA can be a crucial tool for businesses facing financial difficulties. It allows companies to propose a repayment plan to their creditors based on what they can realistically afford, giving them a chance to avoid liquidation and continue operating.
We start with a thorough consultation to assess your financial situation and determine if a CVA is the right solution for your company.
We help you prepare a detailed CVA proposal outlining your repayment plan, which is then submitted to your creditors.
We coordinate with your creditors to gain approval for the CVA. If 75% of the creditors (by value of debt) agree, the CVA is approved.
Once approved, the CVA is legally binding. We manage the implementation, ensuring you make regular payments as agreed.
We provide continuous support throughout the CVA term, helping you stay on track with your repayments and offering advice on managing your business finances.
FAQs about Company Voluntary Arrangements (CVA)
Explore frequently asked questions related to this topic.
A CVA is a formal agreement between a company and its creditors to repay debts over time while continuing to trade.
A CVA typically lasts 3-5 years, depending on the terms agreed with creditors.
A CVA must be approved by 75% (by value) of the company’s creditors.
A CVA provides protection from legal actions, allows the company to continue trading, and provides a structured repayment plan.
A licensed insolvency practitioner acts as the nominee and supervisor of the CVA.
Meet Our Team
Get to know the dedicated professionals at Kennway Francis.
Melissa Jackson
Licensed Insolvency Practitioner
Over 20 years of experience in insolvency.
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Chris Towler
Insolvency Senior Case Manager
Over 15 years of experience in corporate and personal insolvency.
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Stella Walker
Office Manager
Experienced in financial management with a CIMA qualification.
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Lindsey O'Shea
Financial Assistant and Cashier
Over 14 years of experience in cashiering and financial management.
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Important Notice: Office Holders who act as Administrators act as agents for the company and contract without personal liability. Where a company is in Administration, the affairs, business, and property of the company are being managed by the Administrator, who acts as agent of the company. Melissa Jackson is licensed as an insolvency practitioner in the UK by the Institute of Chartered Accountants in England and Wales.
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