Many businesses go through financial difficulties and problematic times of trading. Bad debt, currency fluctuations, staff shortages and other extenuating circumstances can often bring a business to the brink of insolvency. Fortunately there are measures on hand to help resolve such situations. Directors and key personnel in the business need to be free to function in an operational capacity and concentrate on restoring profitability. Cash flow problems can tie up all the available working time, detracting from the business’ opportunities.
A company voluntary arrangement or CVA allows you to effectively restructure your debt into a single, serviceable monthly payment where you can meet the demands of your creditors. This measure needs to be implemented by a registered insolvency practitioner like McTear Williams & Wood who will negotiate the arrangement on your behalf.
Over the years we have helped several business from a wide range of industries implement a CVA from our offices near Bury St Edmunds. Hence we can provide you with access to a proven track record of success in negotiating the ideal arrangement to help your business turnaround and get back on the road to success.
Every day that your company wastes its resources managing creditors’ expectations and juggling cashflow is a day that you could use to run your business more productively. Implement a CVA today to free up your time and get back to doing what you do best.
McTear Williams & Wood is able to provide you an objective appreciation of your current financial situation and whether a CVA is a good option in a 1 to 2 hour initial consultation from our offices near Bury St Edmunds. Find out by booking your free consultation and call McTear Williams & Wood on 0800 331 7417