Company Voluntary Arrangement

When businesses are fundamentally viable, but perhaps under pressure to repay debts in a short space of time, they can seek a Company Voluntary Arrangement (CVA) with their creditors.

This enables them to continue trading while also agreeing to pay all, or part, of their debts over a fixed period of time – usually between one and five years. An insolvency practitioner would manage the process, distributing the money to the creditors.

From the point of view of the creditors, it can usually return to them more money than they would be likely to receive as a result of any other form of insolvency procedure. It also gives the company a real fighting chance of staying in business and safeguarding jobs. The directors and owners can also stay in control of the business.

How we can help

CVAs are a form of compromise agreement, so legal advice and support from an experienced law firm such as Else Solicitors is vital. Our specialist team of insolvency experts can act on behalf of directors and shareholders or creditors or insolvency practitioners as required.

We have successfully helped many struggling companies to look at their options and, if it has been appropriate, we have helped them to enter into a company voluntary arrangement.

To speak to a member of the banking and finance team in relation to company voluntary agreements, please call 01283 526200, alternatively you can send us a message and we will get in touch at a time that suits you.

Asset Based Lending

In its simplest terms, asset based lending is any form of borrowing that is secured by assets.
Find out more

Company Voluntary Arrangement

When businesses are fundamentally viable, but perhaps under pressure to repay debts in a short space of time, they can seek a Company Voluntary Arrangement (CVA) with their creditors.
Learn More

Ledger Collections Service

At Else Solicitors we act for a wide range of insolvency practitioners and have a real understanding of debt collection.
Learn More

Loan Agreement

A loan agreement is a formal contract governing borrowing, and can be either secured or unsecured.
Learn More

Factoring & Invoice Finance

Factoring and invoice discounting enable businesses to release money that is tied up in unpaid invoices.
Learn More
Chris is the founding Partner of Else Solicitors and has over 25 years’ experience as a commercial solicitor dealing mainly with commercial disputes. He is also an accredited Mediator.

View full profile here
Chris Else

Managing Partner

Experience in handling business mergers and acquisitions, disposals, corporate re-organisations, company share buy back, management buyouts, venture capital and private equity investment, and joint venture and partnership agreements.

View full profile here
Adam Gilbert

Partner - Head of Corporate & Commercial

How can we help?

Get in touch.

At Else, we pride ourselves on having experience in dealing with a wide range of specialist services.

Our team always strive to find the most practical, timely, and cost-effective solution for our clients.

We will use the full range of options available to us; from mediation and negotiation to court action at whatever level is appropriate.

To speak to one of our trusted professionals contact us on 01283 526200. Alternatively, you can send us a message and we will get in touch at a time that suits you.