Is your business suffering from an adverse cashflow? Are the liabilities beginning to mount up and are you struggling to effectively manage your business? With the pressures of HMRC, PAYE, payroll and daily calls from creditors seeking payments of invoices this can place an undue pressure on your company and even impact your ability to perform commercially.
Fortunately implementing a company voluntary arrangement ("CVA") could give you the space you need to get your business back on track. This formal insolvency procedure more commonly known as a CVA allows you to effectively negotiate with all your creditors. Your total debts are considered and a monthly payment plan is agreed to service and reduce the overall liability.
McTear Williams & Wood has a proven track record of helping companies achieve consent for a CVA between companies and their creditors. We can help you navigate all the stages and discussions necessary together with the formal legal proceedings to achieve the best result for the future of your company.
How it works
Demonstrate the means - it is necessary for your business to show that it has the ability to meet monthly repayments – but how much and for how long? We have the experience to know what works.
Working with creditors - we act as an independent third party aiding communication with your creditors in order to secure their consent.
Legal and accounting obligations - in order to obtain support for a CVA you must be fully transparent and our expertise ensures that you are set up correctly to work with these procedures.
Arrange an appointment at our Kettering offices to discuss a potential CVA with one of our senior advisors.
We’ll walk you through the basic process, give you an idea of what’s needed from you and your fellow directors and explain how to communicate with your creditors. All that’s needed from you is fast action to secure a preferential outcome.