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.
Why choose McTear Williams & Wood?
The right facts and figures - you need the right evidence to support your claims that your company can return to profitability and meet the financial obligations of a company voluntary arrangement. We will find this information for you.
Working with creditors - it is essential that your creditors submit to the proposed schedule of repayments stipulated in a company voluntary arrangement. We will put your case to them and help explain why this course of action is in their interests.
Accountancy support - we understand how to present your accounts to your creditors in order to provide them with a fully accurate and transparent picture of your current situation.
Expert consultation - pick up our best advice on how to resolve your situation in a simple one to two hour meeting. If we do not think a company voluntary arrangement is the best for you then we will provide you with some ideas for alternative course of action.
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 Southampton offices and find out the difference we could make to your business today.
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