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Company Voluntary Arrangements. Why Use Us?

Date Added: 01/03/2016  

At 4R Business Recovery we are experts at helping businesses in financial difficulty recover. One of the formal processes available to achieve this is a Company Voluntary Arrangement (CVA), and we know from experience that these can and do work in creating the conditions for struggling businesses to improve their fortunes.
In the UK, Company Voluntary Arrangements can only be implemented by licensed Insolvency Practitioners, by law, and we’re not Insolvency Practitioners, so why come to 4R Business Recovery for help and advice about a CVA?

At 4R Business Recovery Our Focus is You
We may not be Insolvency Practitioners – and we’re not lawyers either.  Instead, we are experts in business; we know how businesses work and understand what support they need, especially those that are experiencing financial difficulties. We’re there for you and we’re on your side from the moment you come to us with a business problem.
We have one aim: to work with you to find the best way to turn your business around. If a CVA is the best way of addressing a business problem, then we will guide you through the process and find the best Insolvency Practitioners (and lawyers, if needed) to implement it.
But that’s not where we finish. Good Insolvency Practitioners are worth their weight in gold for the quality of work they do (and we know some of the best ones to go to), but an Insolvency Practitioner has a statutory duty to act in the interests of a company’s creditors and not the directors of the company that needs the CVA.

At 4R, our focus is you. So if your company is facing a financial difficulty, we provide you with all the guidance and support you need to make the right choices to turn your company around. Ideally, contact us before you talk to an Insolvency Practitioner, so we can understand your problems and what you need.

Even if you have already been in contact with an Insolvency Practitioner, we can help ensure that, as a director or business owner, you receive proper advice that is focused on you, working with the Insolvency Practitioner to ensure a realistic CVA is set up that suits all parties.

Is a CVA Right For Your Business?
At the core of most business problems is a financial difficulty and a financial consequence. If the financial difficulty lasts for too long and is not effectively addressed, then the likely consequence is insolvency. At its simplest, insolvency occurs when a limited company can no longer pay its bills when they are due and/or its liabilities outweigh its assets. If your business is in financial trouble then a CVA could be a sensible option to choose to start the turnaround process.
Click here for more details on what a CVA is.  Put simply, if you're company is struggling with its finances but you believe the company has a viable future, then a CVA could be the right choice because it will allow you to restructure your company’s debts and could write off as much as 80% of the debts, while at the same time protecting you against any legal action.
Payments to clear debts can be extended to be paid back over a 5 year period, and this can even be lengthened again if necessary. Conversely, if your cash flow improves, under a CVA you can clear your debts more quickly if you choose too.

Contact Us if Your Business is Struggling
We’re here to help you choose the best way to turn your business around. Having met you and understood your business then if we believe that it’s a CVA you need then that’s what we’ll recommend and we’ll work with you and  the Insolvency Practitioner (and any other interested parties) to make sure everything works for you. And, we’ll help you restructure your business to ensure that what caused the problem in the first place doesn’t happen again.
So, if your company is struggling with a burden of debt and you’re not certain what to do, then contact us or call us now on 0800 902 0123 for a FREE initial chat. We offer honest, pragmatic advice on the best options for you and your business.

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