Company Voluntary Arrangements (CVA)

When your business is struggling, getting relief from creditors could mean a lifeline for your business. It could mean your directors entering into a legally binding compromise - to help them keep trading.

We can do this formally. Strictly speaking, these are insolvency procedures, but they can shield you from creditor action while we try to rescue your business.

With a CVA, you make a formal agreement with your creditors. More than 75% of those voting have to vote in favour. Once this is agreed, your creditors are legally bound to accept the terms of the Arrangement - even the non-voters.

A CVA is strategically valuable to you. Particularly where there are dissenting minorities. And, as licensed Insolvency Practitioners, Frost Business Recovery can accept appointments as Nominees and Supervisors of CVAs.