Company liquidation

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A PPT slide. This describes the basics of company liquidation. Company liquidation advice is best found by visiting the website described. Don't be stressed. There is help out there.

A PPT slide. This describes the basics of company liquidation. Company liquidation advice is best found by visiting the website described. Don't be stressed. There is help out there.

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  • 1. What is a Company Voluntary Agreement? January 2014 Quick, Efficient Service, Top Class Advice & Low Costs Assured www.companyliquidationservices.co.uk
  • 2. CVA A CVA is a deal between a company and its creditors to repay them from future profits or a deal may be written to sell assets and pay back creditors from the proceeds. The deal is based on preserving the company and paying something back over a period of time to be agreed. The directors remain in control, personal guarantees don’t usually get called in and it gives the business a fighting chance to survive. Quick, Efficient Service, Top Class Advice & Low Costs Assured www.companyliquidationservices.co.uk
  • 3. The Components of a Successful CVA are: A viable business that has the opportunity to return to profitability. It will have traded and been profitable in the past. Professional CVA advisors to structure the deal. The introduction of reasonable levels of working capital in addition to the restructuring of the debt. A commercially structured deal where you do not pay back too much too soon to creditors. Conservative forecasting. Achievable targets are essential Quick, Efficient Service, Top Class Advice & Low Costs Assured www.companyliquidationservices.co.uk
  • 4. If the pressure is growing but you believe you have a viable business then a CVA can be an excellent solution Quick, Efficient Service, Top Class Advice & Low Costs Assured Your duty as a director includes maximising your creditors’ interests and by continuing to remain in business and trade you will do that in a Company Voluntary Arrangement. www.companyliquidationservices.co.uk
  • 5. www.companyliquidationservices.co.uk Quick, Efficient Service, Top Class Advice & Low Costs Assured www.companyliquidationservices.co.uk