This is a procedure which could provide a solution to achieve the long-term viability of the business.
The CVA is a formal compromise between the company and its creditors which allows creditors to be repaid an agreed amount over an agreed period of time. The proposals must have the support of more than 75% of the creditors who are voting at the meeting.
Consultation with the main creditors is essential and we work closely with both directors of the business and creditors in order to agree a formal mutually beneficial solution.
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