A PPT slide. This describes the basics of company liquidation. Company liquidation advice is best found by visiting the website described. Don't be stressed. There is help out there.
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Company liquidation
1. What is a
Company Voluntary
Agreement?
January 2014
Quick, Efficient Service, Top Class Advice & Low Costs Assured
www.companyliquidationservices.co.uk
2. CVA
A CVA is a deal between a company and its creditors to repay them
from future profits or a deal may be written to sell assets and pay back
creditors from the proceeds.
The deal is based on preserving the company and paying something
back over a period of time to be agreed. The directors remain in
control, personal guarantees don’t usually get called in and it gives the
business a fighting chance to survive.
Quick, Efficient Service, Top Class Advice & Low Costs Assured
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3. The Components of a Successful CVA are:
A viable business that has the
opportunity to return to profitability.
It will have traded and been
profitable in the past.
Professional CVA advisors
to structure the deal.
The introduction of reasonable levels
of working capital in addition to the
restructuring of the debt.
A commercially structured deal
where you do not pay back too
much too soon to creditors.
Conservative forecasting.
Achievable targets are essential
Quick, Efficient Service, Top Class Advice & Low Costs Assured
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4. If the pressure is growing
but you believe you
have a viable business
then a CVA can be an
excellent solution
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Your duty as a
director includes
maximising your
creditors’ interests
and by continuing
to remain in business
and trade you will
do that in a
Company Voluntary
Arrangement.
www.companyliquidationservices.co.uk