Insolvency Services


Company Voluntary Arrangement

A CVA is a legal procedure by which an insolvent company reaches an agreement with commercial creditors to repay its debts — in full or in part — at an arranged amount over an agreed period.

Company Voluntary Arrangements (CVA) are in many ways similar to the Individual Voluntary Arrangement (IVA) debt solution for personal consumers.

A CVA can be agreed at any point of a company’s insolvency, up to and including during liquidation.

The CVA must be administered by a qualified insolvency practitioner. The practitioner will fully review the company’s finances and submit a proposal to all the business creditors, which will include full details of the business’s liabilities and assets, offers for repayment of debts, and the proposed duration of the CVA.

Three quarters of the commercial creditors determined by debt value must agree in a meeting to accept the terms of the CVA proposal, after which the arrangement becomes binding on all parties.

Benefits of a CVA:

  • The company will make one single affordable payment each month directly to the insolvency practitioner who, after he has deducted his fees, then disburses the payments out to the individual creditors as agreed;
  • Once the CVA is approved, the business will become more stable and usually this will be reflected in an improved cash flow;
  • While bound by the terms of a CVA, creditors may not continue or initiate legal action against the company;
  • No interest or charges from historic debts included in the CVA can be added from the date of approval; and
  • At the end of the CVA term, any outstanding debt that remains unpaid is written off including debt to HM Revenue and Customs.

Our experts have a wealth of experience in this area and are available today for a free initial consultation in the strictest of confidence. Call 0800 611 8888 or  email us or click below to request a call back.



Testimonials from clients

I would like to thank Sarah and her team for all the hard work they have put into helping me sort my finances out once and for all. Without this IVA I would still be struggling every month trying to make ends meet. I received nothing but an efficient polite service every time I spoke to a member of your team and I'm so very grateful. Thank you so much. Natasha R (January 2017)

Thank you so much for your help with my IVA. As an ex-company Director my life took a downward spiral when creditors from my liquidated company called upon my personal guarantees. I had been treading water for months, ran up credit card debts and borrowed from family. When a creditor instigated bankruptcy proceedings against me I thought I was going to lose my house. I contacted Umbrella who stopped all the phone calls and threatening letters. Umbrella explained things in way I could understand. They negotiated with creditors and my IVA went through, now I can sleep at night again and I kept my home. Thomas Fox was extremely knowledgeable and I truly thank him and his team. Paul G (December 2016)

I would like to say a very big "Thank You" to your lady on the telephone this morning who helped me start getting my life sorted and debts managed. So thank you "Sarah" great help... thank you again. L.Smart

Excellent customer service. Staff always helpful. Thank you. Lyndsay S

Very professional approach, always there for you to help, outstanding guidance.   Thank you so much for all. Joanna B

Very supportive and helpful at dealing with financial problems Sue KL



Umbrella IVA is provided by Umbrella Accountants LLP   who are authorised and regulated by the Financial Conduct Authority.

Registered Office: Bollin House, Bollin Link, Wilmslow, Cheshire, SK9 1DP: Company Number OC360021. Data Protection Number Z2517380. VAT Registration Number 107346824
Umbrella, Umbrella IVA and Umbrella Insolvency are trading styles of Umbrella Accountants LLP.

Thomas Fox LLB MIPA is an employee of Umbrella Accountants LLP and is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association.

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