Voluntary arrangements case studies

A CVA can potentially deal with contigent employee redundancy liabilities more effectively

David and his family were seeking a sale of their precision engineering business that had been started by his father in the 1950s. Many members of the workforce of 80 had been employed for 20 years or more but sadly with increasing competition from overseas, there was simply not the sales demand to keep them occupied. Read on

Using a CVA to acquire a struggling business

Toby and his wife managed a film production company which, following a project that was financially not as successful as expected, experienced financial difficulties and had to cease trading. Read on

Exploring the prospect of refinancing the business

George was the CEO and a principal shareholder of an investment company that owned and developed various projects in the high technology sector, principally related to the innovative uses of the internet. Read on

CVA as a solution to a company overstretching itself

Richard controlled and managed a plant hire company. Trading was pretty good and so he acquired another similar depot at a distant location so as to expand his geographical reach. This is when his troubles started. Read on

Using a CVA to release assets effectively

Bill and his group of fellow unpaid but publicly spirited trustees ran a children's aid charity, which became significantly insolvent through overreaching itself with projects in over 20 countries. Read on

Using CVAs to realise tax losses

Tony and his colleagues established an internet retailing operation in the height of the dot.com boom involving a group of companies with presence in four European countries. Read on

Thanks to CVAs, large bad debts need not mean the end of the road

Robin had managed for many years a family construction company that undertook subcontract work for a number of larger national construction companies. Read on

CVAs can effectively implement group restructuring

Tim and a fellow director managed a group of companies, including a subsidiary that had run up losses of £9 million over a six-year period. They wished to continue the business but were unable to fund the full extent of the losses. Read on

Using a CVA to survive and prosper

Derek and his fellow directors of an engineering company were in despair. The business was suffering from severe cash flow problems as a result of falling sales and their accountants suggested that they speak to us. Read on

We work effectively and closely with existing advisers, not compete with them

John was a partner in an independent accounting practice and had advised a wealthy family with a number of business interests for many years. Read on

Thwarting the bully customer

Stephen owned and managed a small groundworks company, mostly working for national housebuilding names. On a particularly large contract with one customer, a dispute arose resulting in the customer withholding substantial payments, no doubt hoping that Stephen would not have the financial strength and would bow to the inevitable. Read on