So many organisations suffer from distress in today’s busy business climate. Regular changes in legislation, currency fluctuations and global economic moves can all unsettle your position. Then when you factor in corporation tax, PAYE and VAT its easy to see how a tenuous position can often topple into serious debt.
However, you may have more options that you realise. One popular measure that’s used to resolve business debt is a company voluntary arrangement (CVA). By consolidating all your outstanding liabilities into a single lump sum, you can then reduce this amount with regular payments.
To start the CVA process, you’ll need to appoint a registered insolvency practitioner to implement this measure. They’ll take care of everything including negotiation of the best terms with your creditors and all the essential accounting and legal work needed to formalise your chosen terms.
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.
Get all the facts on a company voluntary arrangement at our Corby offices where you can meet with one of our senior advisors.
They’ll be able to talk through your current situation and will give you the best advice to help you get your business back on track.
How else can we help? Other services we offer in your area: