When a company falls behind on payments to creditors, the board usually has more options than it thinks. A Company Voluntary Arrangement (CVA) lets a struggling but viable business keep trading while it pays down debt over an agreed period, rather than shutting its doors. Knowing which advisory firms actually handle this work and how they differ matters before a director picks up the phone.
The six firms below all sit somewhere in the UK business advisory and restructuring space, though their scale and focus vary a lot. Some are large multi-service advisory groups. Others work specifically with directors facing insolvency decisions. Reading the differences before a creditor meeting or a winding-up petition lands is a lot easier than…