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Apply For a CVA

COVID-19 SUPPORT: IF YOU HAVE BEEN AFFECTED BY COVID-19 WE HAVE SUPPORT PROCEDURES IN PLACE

Apply For a CVA

For distressed businesses with a viable future, a Fast Track Company Voluntary Arrangement (CVA) provides both time and relief from creditor pressure to allow businesses to trade out of insolvency by paying current liabilities out of future profits, while allowing current concerns to be addressed and a robust plan to secure its future is implemented.

The impact of COVID-19 on businesses is 2020 has been catastrophic. If you are considering whether to apply for a CVA, you are certainly not alone. And in our experience, we believe a Fast Track CVA will become the most common post-COVID insolvency procedure for businesses across the UK as the process is ideally suitable for companies that were viable, have been hit by unprecedented problems out of their control, and could potentially be viable again in the future.

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Experts in Rescuing Businesses

If this resonates with you and your business, you should consider applying for a Fast Track CVA. For small-to-medium-sized enterprises (SMEs) – particularly those agile owner-managed businesses – a Fast Track CVA can turnaround the fortunes of a viable business currently hampered by sudden trading difficulties – such as those brought about by the COVID-19 pandemic.

The aim of the process is to effect a positive business turnaround while causing the minimum amount of disruption and loss to shareholders, creditors, and employees as possible, as well as being an opportunity for company-wide operational restructuring to take place. Court involvement is minor, all legal action will be halted through a temporary moratorium while the CVA is being prepared, and directors retain control of the business throughout the process – which is typically over in as little as six weeks.

To find out more, please click our CVA Assessment button and a member of our expert team can quickly assess whether your business is suitable for a Fast Track CVA.

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Sectors using Fast Track CVA

Retail

Technology

Hospitality

Construction

Financial Services