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11 June 2021

When a business is insolvent or experiencing financial difficulties, there are several options open to it. From liquidation, which liquidates and dissolves the company, to options for business rescue, such as a Creditors’ Voluntary Arrangement (CVA.) A CVA is an agreement made between company directors and creditors to pay back the company’s debts (or a…

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It has been announced that almost half of the UK’s small and medium-sized businesses sought financial support in 2020. That’s more than three times the level from the previous year. The British Business Bank found that 43% of these companies had received external financing in 2020 including government loans and grants, compared to just 13%…

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A Company Voluntary Arrangement (CVA) allows an insolvent company to come to an agreement with creditors to repay its debts over a fixed period of time. Whilst a company is under a Company Voluntary Arrangement, the director remains in control and it will continue to operate and trade. This is an option taken by those…

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Any business that is insolvent or struggling financially will want to know exactly what options are open to them. There are several routes a struggling business can take from liquidation, or administration, to a Company Voluntary Arrangement (CVA).  Which route is best for you depends on the circumstances and intentions of the business. For example,…

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