Hands up those that want a creditors voluntary arrangement. The answer is none. Nobody wants one because it sounds too official, too serious, too insolvencyish.
And yet, ask for a show of hands for those directors that would like a better cash flow and armpits will get a fast airing. Ask who wants to put an end to telephone calls from creditors chasing their bills and the same hands will shoot up. It is a creditors voluntary arrangement that will sort these problems out.
Many directors are scared of a creditors voluntary arrangement because they have not had one explained properly. Also known as a Company Voluntary Arrangement, this could turnaround your company in a matter of a few short weeks.
Call TaxGone on 01302 815846 and find out more. You’ll be glad you have.