FORMAL INSOLVENCY
COMPANY VOLUNTARY ARRANGEMENT
What we do
PKF Cooper Parry seeks to identify and resolve challenges which adversely impact on business
performance and enterprise value. We work with individuals, corporations, management teams,
business owners and a diverse range of stakeholders. We offer innovative and transformational
solutions designed to grow, protect and realise value for our clients. We pride ourselves in delivering
impartial advice to secure positive outcomes.
Working as your trusted advisor, we create honest and practical solutions with speed, accuracy and
total commitment. We’ll work with clients to make things happen.
Company Voluntary Arrangement
The principle benefits of a Company Voluntary Arrangement (“CVA”) are;
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Directors remain in day to day control of the company’s business and assets
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The company’s future business and goodwill can be protected
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It can be extremely flexible to facilitate a restructuring and avoid the impact on cashflow of the
crystallisation of restructuring costs and liabilities that might otherwise occur
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It can provide a means to compromise unsecured liabilities at a level you can afford, typically over
3-5 years, normally out of future profits
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Accumulated trading tax losses can be utilised to relieve future trading profits, thereby enhancing
the sums available to creditors
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It provides a mechanism to free cashflow to fund the business future trading and growth
The arrangement once approved, has the backing of the Court, and is binding on all Creditors, so no
pre-existing Creditor can bring or continue winding up proceedings against the company.
FORMAL INSOLVENCY
COMPANY VOLUNTARY ARRANGEMENT
How can we help
We can help you to;
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Formulate a business restructuring strategy
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Assist in the formulation of CVA proposal that will be acceptable to your creditors
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Liaise with HMRC, often a creditor capable of frustrating your proposal, to ensure that their support
is secured. We have considerable experience of doing so.
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Assist in the preparation of final accounts and tax returns to secure HMRC clearance to any
proposed process and in the subsequent agreement of their claims
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Manage the whole process from conception to completion
We will work with you to ensure professional costs (including our own!) are minimised by providing
support and direction throughout enabling you to do as much of the work required yourselves to ensure
creditor returns are maximised. Our costs as Supervisor are controlled by the company’s creditors
Why us
Organisational change is unavoidable in a competitive business environment. Organisations must be
prepared to be in a permanent state of change, but change requires leadership, vision and innovation if
the business is to truly transform its fortunes throughout the whole business cycle.
By sharing commercial insight with strong sector expertise, PKF Cooper is uniquely placed to secure
positive outcomes for its clients – whatever their business.
We move swiftly, efficiently and effectively, making us well equipped to respond to fast moving markets
in which our clients operate.
Next Steps
To find out how we can truly transform your business future, please contact us.