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|Liquidation| When running a business it is often a fine line between success and failure. All too often we hear: 'next month, next month will be a good month….' And, like tomorrow, next month never seems to arrive. Before long it can be continual catch-up to get back to break even and this soon demotivates even the hardiest professional.
Company Voluntary Arrangements (CVA’s) are an ideal solution for a company which is experiencing cash flow problems. A CVA is an agreement between the company and their suppliers (including HM Revenue Customs) to repay a proportion of the debts (normally 60% approx) over a period of up to 5 years, obviously with no interest whatsoever.
CVA's are an integral part of a corporate rescue strategy, improving cash flow and re-motivating the workforce.
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