This is a court approved legal arrangement between a company and its creditors that came into force in June 2020.…
Service Category: Business Rescue
Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement (CVA) is a legally binding agreement between an insolvent company and its creditors. The company agrees…
Pre-pack Administration
A pre-pack administration is where the business is arranged to be sold at a proper market value immediately on administration…
Administration
Not necessarily a stand-alone remedy in itself, administration is a collective corporate rescue which temporarily ring-fences a company to give…
Moratorium
This is a Court approved “breathing space” for a Company to allow it to focus on rescuing the Company as…
Informal Schemes
For smaller businesses or where problems are temporary, an informal arrangement with creditors may be suitable. Informal schemes minimise bureaucracy…
Scheme of Arrangement
This is a court approved legal arrangement between a company and its creditors. The process is more complicated and costly…
Section 1003 Strike-off
Under S.1003 Companies Act 2006, directors are entitled to request that a company be struck off if it has ceased…
Receivership
Now almost entirely replaced by administration, receivers can still be appointed by secured lenders, such as banks, to recover debt…