If your business is struggling then you’re not alone. Many organisations and ventures can find themselves swinging from profitability into a slump due to the fast paced nature of today’s global economy. Politics and currency fluctuations can all take a toll on your income and when you factor in sudden bills from PAYE, VAT and corporation tax this can often leave you seriously in the red.
Should you find your business in a tough situation then it may be worth considering a company voluntary arrangement ("cva"). This governmental measure allows you to consolidate all your debt into a single amount so you can service all your creditors with a simple monthly payment.
To implement a CVA you’ll need to hire a licensed Insolvency Practitioner with the skills needed to negotiate with your creditors to come to a satisfactory arrangement for all concerned. Additionally this authority takes care of all the essential legal and accounting measures needed to tie this agreement in place.
Access a lifetime’s worth of expert advice and legal knowledge through the high levels of service you’ll find at McTear Williams and Wood.
Get in touch with one of our experts to discuss a potential company voluntary arrangement at our offices near Southampton and find out the difference we could make to your business today. Call us on 0800 331 7417
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