A company voluntary arrangement – or CVA – is the formal process of proposing and agreeing to pay a percentage of your debts back to creditors of a period not to exceed 5 years. At BCIA Recovery & Turnaround we advise and assist you in formulating a proposal via an Insolvency Practitioner who will ‘supervise’ the arrangements. A CVA is often utilised in order to protect valuable assets such as development projects or long term contracts which will eventually become very valuable to the company.
Working with clients throughout Derby, Chesterfield, Sheffield and the entire UK (except Scotland) we carry out an initial analysis of your circumstances to find out if a CVA is the best option for you. This pre-emptive move can help you to restructure your business and continue trading if you feel you have a viable and profitable future.
With over 40 years of experience and dedicated lawyers, accountants and insolvency experts you will be in safe hands as we tailor the process to your business in an effort to protect your future.
Whether you are looking to pay all or part of the company’s debts we will help you to prepare and propose an arrangement. Simply get in touch with our professional team today for more information or to arrange an initial consultation.
Want to know more about Corporate Voluntary Arrangement? Read more in our resource centre.
I have dealt with Jamie Buchanan and BCIA for a number of years and have always found him and them excellent value. That is, they are very competent, hard working, reasonably priced, capable of lateral thinking, not stuck in traditional ruts.
They have a wide range of connections and know the right person for the job if a specialism they do not have is required.
Above all, they are positive and constructive and look for a good outcome.Alex Bevan, Mediator
BCIA could not have been more helpful with their guidance in assisting us in a pathway to reconstructing our business and our lives. If you are thinking of using a recovery company, in my opinion, you could not use a more professional or helpful practice. Always answering a call when you need them most and if engaged, responding as promptly as they possibly can. If you are a small or large company they can tick every box that you require.Trevor & Heather Webber, Directors, Brake & Service World Ltd