A company voluntary arrangement can shield you from creditor action while we try to save your business.
Frost Group will guide you through a Company Voluntary Arrangement. This means that, as directors, you can enter into a legally binding compromise - to help you keep trading while working out a payment plan with your creditors.
With a CVA, you make a formal agreement with your creditors. You will need more than 75% in value of those creditors voting to vote in favour. Once agreed, your creditors are legally bound to accept the terms of the CVA, even the non-voters.
The procedure is extremely flexible and may involve delayed or reduced payments of debt, capital restructuring or an orderly disposal of assets.
A CVA is strategically valuable to you. Particularly where there are dissenting minorities.
As licensed Insolvency Practitioners, Frost Group can accept appointments as Nominees and Supervisors of CVAs.
It is important to act swiftly as soon as you feel pressure mounting from creditors. A CVA can be suitable for most types of business and they may have the opportunity to use it, however, it does depend on the individual facts. As Licensed Insolvency Practitioners we will review your circumstances and give you all the options available.
If you would like to talk to an Insolvency Practitioner, call us today on 0345 260 0101. Our Insolvency Practitioners give free and impartial advice on Company Voluntary Arrangements from our offices in Croydon and London and can shield you from creditor action while we try to save your business.
Our team member below will be able to help with all your questions
CEDR Accredited Mediator & Licensed Insolvency PractitionerContact
At Frost Group, we want to make things as easy as possible for you. That is why, if you can’t come to us, we’ll come to you. We operate face to face, nationwide meetings, wherever is most convenient for you.