There is a great solution for your problem and you've found it……It’s called the Company Voluntary Arrangement and it is a legally binding deal with creditors. What does CVA mean and how does a company voluntary arrangement work? Well these pages will help you learn all about the CVA tool and how it can help your company!
Company Voluntary Arrangement Benefits for YOUR company.
FIRST the simple description of a CVA!
It is simply a deal between the insolvent company and its creditors; this deal places a ringfence around the company and stops creditors attacking you. It allows a viable but struggling company to repay some, or all, of its historic debts out of future profits, over a period of time to be agreed.
Directors stay in control and it stops any legal actions if you use a quality advisor. It has been in UK law since 1986 and is one of the Government's preferred rescue options.
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NEW! GET YOUR COPY NOW..........Complete Experts Guide to CVA's
"Complete Expert's Guide" to the Company voluntary arrangement. Unique, hugely detailed and comprehensive, all of CompanyRescue's guides and more in one 82 page PDF. Free - just click the link for our new version published February 2010. Or email us at cva-guide@ksagroup.co.uk we will send a copy by return. All we need is your name, email address and the company name. Or call 01289 309431 for a copy.
So, isn't using a CVA better than seeing the company go bust, close down and every creditor losing their money and an ongoing customer? CVA’s are amazing for rescuing a distressed company when you know it can be profitable in future. You can make employees redundant with no cash cost, you can get out of property leases and problem contracts and make the business profitable again with the CVA.
In the time it takes us to organise the CVA for you, we will freeze your payments to VAT, PAYE and creditors. Then together we offer the creditors a deal over time to pay something back from future profits. This improves the cashflow in your business. You manage the company, we manage the CVA process.
"If it’s so great, why doesn’t everyone use the CVA if their business gets into trouble”?
The answer is because very few people know about this fantastic tool and most companies end up going bust because directors are scared of insolvency. And most people don't get help from us! So why don't people know about CVA's?
CVA Expert Keith Steven says
”Use KSA's company voluntary arrangement experts to propose your CVA and we will guarantee that it will be accepted by creditors. More than 98% of our client’s CVA proposals are accepted by HM Revenue & Customs and the trade creditors. None were blocked by their banks ”!
We are a national CVA firm but we are based in the North East with offices in Berwick and Gateshead. If your local accountants says "you shouldn't talk to KSA, talk to another local insolvency advisor (IP)", please first ask the IP about CVA's. We would bet that most will reply, "they never work"! This is because they have only rarely used the tool. Then call Keith Steven one of our CVA EXPERTS on 07974 086779 or Eric Walls on 0191 4823343.
Want to speak to a friendly trained advisor? Contact KSA Group Newcastle on 0191 482 3343 or 01289 309431 now. Or email info@ksagroup.co.uk