17 December 2020

Craig Thompson writes for Acquisitions Daily on CVAs

Head of Corporate, Craig Thompson's article entitled 'Is a CVA a legitimate tool to save a business?', which discusses what needs to be taken into consideration when filing for a company voluntary agreement (CVA), has been published in Acquisitions Daily.

He highlights that in these challenging times, CVAs are being deployed at a greater rate. Craig states that as a proven method of negotiating reduced payment or standstill terms with creditors to prevent the application of a terminal insolvency procedure, a CVA can be a useful tool.

In the article, Craig covers the advantages of a CVA, including protection from creditors, cost, director control and the Company's maintained reputation. However, he also warns readers of their disadvantages, such as credit issues and potential failure of the CVA.

The full article can be read here, once subscribed.

Our Insights

"Clients get a bespoke service that is all-encompassing. They can deal with the children matters as well as the finances. They don't seem to get flustered by things. They're a good team and clients are going to feel assured straight away that they're a team of professionals who know their stuff." 
Chambers UK 2018
×