WE SELL TIME…

Phone

0203 319 6335

Email

info@fastspeedlegals.co.uk

Office

Colroger Offices, Lender Lane, Mullion, Helston, TR12 7AJ

Hours

Monday-Friday:
9am – 4pm

Time Really Is The Most Precious Commodity…

When a client is faced with a Winding up Petition, time is all every director needs. This we provide by Adjourning Winding up Petitions, and giving the director time to collect in money from customers in order to satisfy the debt. If the debt can’t be paid but the client has a potentially good company, then we can assist further by arranging the implementation of a CVA – Company Voluntary Arrangement. 

Alternatively if an organised Winding up of the business is the best route forward then we can often obtain agreement for the petitioning creditor to withdraw the petition and allow the company to be placed into Voluntary Liquidation. 

 

COMBINING THE BEST TEAMS

Through the combination of utilising the specialist skills from each of our teams, we are able to move your business from an insolvent position to one of profitability within one month with the Nation’s Local Consultant.  

Directors Circle Ltd
Fastspeed Legals
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CVA Advantages

  • A framework that legally binds the creditors without constricting the content or nature of the deal.

  • Protection from Court action upon approval.

  • Continue trading & saving the company as a going concern.

  • Reduction of debt (sometimes up to 75% written off at end of CVA).

  • Dramatically improves cash flow.

  • Approved the CVA is not advertised.

  • All interest and charges are frozen on unsecured debts.

  • No new banking required.

  • Not court intrusive.

  • Fast implementation even with a winding up petition in place.

  • Insolvency Practitioner does not investigate Director’s conduct, although the Nominee will have to deal with any breach of directors duties in the Nominee’s report.

  • Directors stay in control.

  • Creditor unanimity not required.

  • Secured creditors unaffected.

  • Workable across all EU.

  • Avoids Liquidation or Administration.

  • Option to terminate leases and contracts.

  • Option to make redundancies.

  • Retain tax losses.

  • Ongoing costs are normally taken from Monthly CVA contributions.

  • Variations to the CVA can be made if the company still struggles.

“We have worked with these consultants for over 20 years. We have found their knowledge and expertise second to none. They provide honest down to earth advice to solve the most desperate of circumstances. In our view you cannot deal with anyone better.”

— Steve Wilson B.F.P. & A.C.A.

Thieme and Co

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Get a Free Estimate or Schedule an Online Appointment.

Company Voluntary Arrangements – CVA

The CVA is a confidential agreement between the company and its creditors that is not publicised. Binding all creditors and reducing immediate creditor pressure. A CVA can save good businesses.

Adjournment Packages

Our Barristers are in Court weekly and can be instructed to act today.