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Company Voluntary Arrangement

At Parker Andrews, we understand that business challenges can require strategic restructuring and debt resolution. A Company Voluntary Arrangement (CVA) is a legally binding agreement that allows your company to settle its debts partially or in full over time while retaining control of its operations.

Why Opt for a CVA?

A CVA is appropriate when:

Your company is experiencing short-term cash flow or solvency issues but has a fundamentally profitable core business.
You need to restructure your business practices or group structure.
Informal negotiations with key creditors are proving unfruitful.
Your business is likely to return to profitability in the near future.

Benefits of a CVA

What is the process of initiating a CVA?

The process starts with a consultation with a LicensedInsolvencyractitioner, followed by drafting a proposal and convening a creditors’ meeting to vote on the proposal.

What happens if the CVA is approved?

Once approved, the company will implement the terms of the arrangement, including regular payments and adherence to the agreed-upon plan. The appointed Supervisor will oversee the implementation of the CVA terms.

What are the risks of a CVA?

Failure to comply with the terms can lead to enforced winding-up of the company. It is also important to note that a CVA may impact credit ratings and supplier terms.

Step by Step Process of a CVA

  • Step 01
  • Step 02
  • Step 03
  • Step 04
  • Step 05
  • Step 06
Initial Discussion

Contact Parker Andrews for a no-obligation discussion about the suitability of a CVA for your business.

Meeting with a Licensed Insolvency Practitioner

A face-to-face meeting to discuss the details of the CVA proposal, including potential contributions and impact on the business.

Drafting the Proposal

Preparation of the proposal documentation, including financial forecasts and a plan to avoid future insolvency.

Creditors Meeting

A meeting is convened for creditors to vote on the proposal. A 75% majority (by debt value) is needed for approval.


Upon approval, the CVA is implemented, requiring adherence to agreed terms and regular payments.

Conclusion of CVA

Successful completion of the CVA terms leads to the closing of the arrangement and discharge from included debts.


Considering a Company Voluntary Arrangement for your business?

Contact Parker Andrews for a tailored CVA solution that meets your specific needs. Our expert team is ready to assist you through every step of the process. Get in touch with us for a consultation today.

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Our award-winning team is dedicated to guiding you through every step of the insolvency process. We believe in transparency, honesty, and empathy, ensuring that our clients feel supported and informed at every turn.

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