Many businesses undergo a period of difficulty and distress at some point during their operation. Dealing with the pressures created by juggling finance and creditors can not only detract from your ability to work in the business but can also cause directors a degree of personal stress.
There is a route off the carousel of borrowing, paying back and meeting the demands of suppliers. A company voluntary arrangement or CVA allows companies to effectively restructure all their debt into a single monthly arrangement to meet all the demands of their creditors. To set up a CVA you must employ the services of a registered insolvency practitioner. They will be able to structure the arrangement for you and negotiate with your creditors in order to obtain the optimal terms on your behalf.
At McTear Williams & Wood we have a legacy of helping companies through this process. If you would like to discuss a potential CVA at our offices near King’s Lynn please call to set up an appointment with one of our directors. All of our advice is confidential and backed by years of accounting and insolvency experience.
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 one of our offices near King's Lynn. Find out by booking your free consultation and call McTear Williams & Wood on 0800 331 7417