CVA - Company Voluntary Arrangement

Also read: Business Turnaround | Trading Out | Refinancing

If a company is experiencing difficulties but is believed to have a viable future then a CVA is usually a good option. A CVA is a deal between a company and it's creditors, in which debts are agreed to be repaid from future profits or the selling of assets.

A CVA aims to preserve the company and rebuild sales and profits while repaying existing debts. The company's directors remain in control and attempt to keep the company alive.