Company Voluntary Arrangements

A Company Voluntary Arrangement “CVA”, is an option used to rescue an insolvent company.  The rescue is achieved by agreeing a composition or arrangement with a company’s creditors.

The advantage of a CVA is that it allows the company as well as it’s creditors flexibility in reaching a binding agreement that can be tailored to take into account the specific circumstances that have lead to the company’s distress.

A CVA is a viable option for a business that has previously been profitable but maybe experiencing a period of poor trading, brought on for example, by a significant bad debt or the loss of a large contract.

At BRS we pride ourselves in producing bespoke, sound arrangements that are both fair to the creditors and to the insolvent company.

The team at BRS have considerable experience in this area of recovery, gained over many years.  Our monitoring procedures ensure that the company and the Supervisor are aware of the company's position on a monthly basis. In most CVA cases the company directors benefit from the advice received and from the systems that are implemented by the CVA, this has a positive effect on the longevity of the business.