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With over 15 years experience in
Corporate Insolvency

A Company Voluntary Arrangement (CVA) is an alternative to liquidating your limited company allowing it to trade out of its financial difficulties over a specified period of time. It allows you as a director to retain control of your company and continue to trade without the burden of historical debts that can be a significant drain on cashflow.

Focus Insolvency Group will conduct a full review of the company’s cashflow and restructure the monthly payments to establish the amount affordable and the period over which it is to be paid (usually 60 months).

CVA’s provide a higher return to creditors than the alternative of Compulsory Liquidation due to the huge saving in associated costs and are therefore are widely recognised across the industry. HM Revenue & Customs have a department set up solely to consider proposed CVA’s and providing it can be shown the Company can trade at a profit they are more than happy to consider the offer on the basis they will get a much better return. They are often willing to put any enforcement action on hold that may be in progress.

We will assist you every step of the way in restructuring the Company to ensure it is profitable and draw up the company proposal.

Once the proposal is agreed by creditors they cannot demand any changes to the proposal and providing the company maintains the agreed payments it will be debt free within the agreed time scale.

CVA Benefits

  • Can quickly improve company cashflow.
  • Stops pressure from creditors including HM Revenue & Customs and covers all tax arrears.
  • Can be implemented quickly even if a winding up petition has been issued.
  • Not advertised locally or in the Gazette.
  • Directors and shareholders retain supervised control of the company.
  • No requirement to report to the Insolvency Service on the conduct of directors.
  • Significantly lower costs than Administration or Compulsory Liquidation.

 

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Finance Lead Tech Limited T/A Assist My Finances are an Appointed Representative of Sterling Green LTD who are authorised under the Financial Conduct Authority under registration number 469956. Finance Lead Tech Limited T/A Assist My Finances do not directly provide solutions. We offer no obligation referrals to trusted providers of appropriate solutions and receive a fee from these providers if you choose to proceed with the solution. Free and Impartial advice, debt counselling, debt adjustment and credit information services are available from the Money Advice Service and you can find out more by contacting them. The solutions on this page are not available if you reside in Scotland.

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