Entering into a CVA will negatively affect the company’s credit rating, but it doesn’t mean the company can never use credit again. If the company returns to a strong financial position it will be able to work out credit terms with suppliers.

If you would like to discuss the prospect of placing your company into a Company Voluntary Arrangement then please contact one of our insolvency practitioners who will be able to advise you of your options and to discuss whether it is a viable route for you.