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Company Voluntary Arrangements (CVA)

Company Voluntary Arrangement (CVA)

Company Voluntary Arrangements (CVA) are legally binding agreements between an insolvent company and its creditors, allowing company directors to remain in full control and continue trading.

It’s a flexible arrangement that involves making monthly payments from profits or an asset to pay back creditors a proportion of its debts over time. Following a successful CVA, creditors are paid significantly less than the full lump sum payment owed (with the outstanding debt waived).

A CVA is approved when 75% of the creditors (by value of debt) vote in the proposal’s favour. Moving forward, as long as the contributions are met fully, the creditors are bound by the agreement and it must be left alone.

CVAs have their benefits, but before entering them it’s important to verify that your company is indeed eligible and/or suitable for the procedure.

If you feel a CVA is the right route for you and need an expert opinion on drafting a professional proposal and presenting it to creditors, get in touch with TS Partners. We can put you in touch with industry experts who can guide you through the whole process.

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‘We know we are in good hands!’

Having TS Partners Accounting do our accounts, VAT and payroll leaves us to get on with what we know best, running our shop. We know we are in good hands!

 

Kevin Godding- Coffee shop, London

TS Partners
5
2020-06-12T09:42:59+00:00

Kevin Godding- Coffee shop, London

Having TS Partners Accounting do our accounts, VAT and payroll leaves us to get on with what we know best, running our shop. We know we are in good hands!  

‘Very Positive Experience’

"Just started with Matt and the team and they have all been brilliant so far. They are all very knowledgeable and Matt has helped me to work out and understand the most tax efficient setup for myself and my business activities. Matt and the staff's communication is the best I have ever experienced from any company, extremely quick to reply to emails usually within minutes for simple queries and within the day for more detailed queries, which is really amazing service. Had a quick books training session as well with Emma which was great, she makes it all seem clear and was able to easily answer all the questions I had. I would highly recommend at least arranging a meeting with them if you are looking for accountancy services."

 

Clifton Contracting Ltd

TS Partners
5
2020-06-12T09:24:57+00:00

Clifton Contracting Ltd

"Just started with Matt and the team and they have all been brilliant so far. They are all very knowledgeable and Matt has helped me to work out and understand the most tax efficient setup for myself and my business activities. Matt and the staff's communication is the best I have ever experienced from any company, extremely quick to reply to emails usually within minutes for simple queries and within the day for more detailed queries, which is really amazing service. Had a quick books training session as well with Emma which was great, she makes it all seem clear and was able to easily answer all the questions I had. I would highly recommend at least arranging a meeting with them if you are looking for accountancy services."  

‘The whole process seemed a lot easier than first imagined!’

At first I was completely baffled with all that was needed to start my own company and had no idea where to start. After a short consultation with Matthew, the whole process seemed a lot easier than first imagined!

Once the basic setup was sorted I was allocated Emma, who was available then to guide me should I have any queries! Thorough training on Quickbooks and always available (within office hours) to sort my mess up or any queries no matter how mad they seemed! Always willing to help and no task to small! Thoroughly recommend Emma to anyone looking to use TS Partners as their accountants!

5 months in and still running smoothly! With no grey hairs in sight! (YET!)

Thanks to Emma, Matt and the team at Tax Shop, Wellington

 

Dominic Buck- Car Valet company

TS Partners
5
2020-06-12T09:41:02+00:00

Dominic Buck- Car Valet company

At first I was completely baffled with all that was needed to start my own company and had no idea where to start. After a short consultation with Matthew, the whole process seemed a lot easier than first imagined! Once the basic setup was sorted I was allocated Emma, who was available then to guide me should I have any queries! Thorough training on Quickbooks and always available (within office hours) to sort my mess up or any queries no matter how mad they seemed! Always willing to help and no task to small! Thoroughly recommend Emma to anyone looking to use TS Partners as their accountants! 5 months in and still running smoothly! With no grey hairs in sight! (YET!) Thanks to Emma, Matt and the team at Tax Shop, Wellington  

‘Excellent Professional and Friendly Service’

"After taking the plunge to work as a Freelance Geophysicist I have had no regrets in utilising the services of Matt and the team at TS Partners. Matt is clearly a very experienced and knowledgeable accountant who's obvious aptitude quickly made me feel that my financial matters are in safe hands. TS Partners have provided me with a very professional, efficient and friendly accountancy service. Everything I have ever asked for help with has been remedied very quickly. In particular, Emma Fisher-Rye's bubbly phone manner has made learning QuickBooks straight forward and fun. She's always available to help with any issue, no matter how big, small or stupid!"

 

Andy Baker

TS Partners
5
2020-06-12T09:31:13+00:00

Andy Baker

"After taking the plunge to work as a Freelance Geophysicist I have had no regrets in utilising the services of Matt and the team at TS Partners. Matt is clearly a very experienced and knowledgeable accountant who's obvious aptitude quickly made me feel that my financial matters are in safe hands. TS Partners have provided me with a very professional, efficient and friendly accountancy service. Everything I have ever asked for help with has been remedied very quickly. In particular, Emma Fisher-Rye's bubbly phone manner has made learning QuickBooks straight forward and fun. She's always available to help with any issue, no matter how big, small or stupid!"  

‘Down to earth advice’

"Matt and his team have been very helpful in setting up new business ventures along with advice and planning with our current small property portfolio. Very down to earth and always available to discuss any questions I may have and I see them as a valuable part of my business. I have recommended Taxshop to other people and they have been very pleased with the work they have done."

 

Mark L

TS Partners
5
2020-06-12T09:34:23+00:00

Mark L

"Matt and his team have been very helpful in setting up new business ventures along with advice and planning with our current small property portfolio. Very down to earth and always available to discuss any questions I may have and I see them as a valuable part of my business. I have recommended Taxshop to other people and they have been very pleased with the work they have done."  

‘Recommend to anyone in business’

Very helpful, easy to talk to, understands small business, an important part of my power team.

Recommend to anyone in business for great down to earth advice at a sensible price.

 

Marl Lyes- Trinity House 3 Ltd

TS Partners
5
2020-06-12T09:38:44+00:00

Marl Lyes- Trinity House 3 Ltd

Very helpful, easy to talk to, understands small business, an important part of my power team. Recommend to anyone in business for great down to earth advice at a sensible price.  

‘Refreshing and supportive’

"I established my company in 2011 and Matt and team have supported me all the way. Until 2011, I had only experienced the world of large corporate accounts which meant a team of accountants to take care of everything. So the prospect of managing my own accounts was one that I was not entirely comfortable with. I was introduced to Matt by my neighbour and have not looked back. The whole experience has made my life simpler and nothing is too much trouble irrespective of which member of the team you speak to. More recently, changes in the VAT rules caused me to switch my accounts to Quickbooks, a move that I had been delaying as this was going to be another application to learn. Fortunately Emma Fisher-Rye was there to help. Emma provided initial use training and helped me to establish my accounts in Quickbooks. Since then Emma has supported me without fuss and in a very jolly supportive manner making light of my ineptitude. Overall, working with the Tax-Shop team has been refreshing and very supportive and I would certainly recommend them to any SME looking for a cost effective solution to management of their accounts."

 

David Walton

TS Partners
5
2020-06-12T09:36:11+00:00

David Walton

"I established my company in 2011 and Matt and team have supported me all the way. Until 2011, I had only experienced the world of large corporate accounts which meant a team of accountants to take care of everything. So the prospect of managing my own accounts was one that I was not entirely comfortable with. I was introduced to Matt by my neighbour and have not looked back. The whole experience has made my life simpler and nothing is too much trouble irrespective of which member of the team you speak to. More recently, changes in the VAT rules caused me to switch my accounts to Quickbooks, a move that I had been delaying as this was going to be another application to learn. Fortunately Emma Fisher-Rye was there to help. Emma provided initial use training and helped me to establish my accounts in Quickbooks. Since then Emma has supported me without fuss and in a very jolly supportive manner making light of my ineptitude. Overall, working with the Tax-Shop team has been refreshing and very supportive and I would certainly recommend them to any SME looking for a cost effective solution to management of their accounts."  

‘Superb training’

"The training for quickbooks received has been awesome. Super helpful and training was delivered professionally and in a way that was easy to understand. I didn't think I'd ever be excited about my book keeping!! Couldn't recommend them enough."

 

Lee Ellis

TS Partners
5
2020-06-12T09:32:30+00:00

Lee Ellis

"The training for quickbooks received has been awesome. Super helpful and training was delivered professionally and in a way that was easy to understand. I didn't think I'd ever be excited about my book keeping!! Couldn't recommend them enough."  

‘Very knowledgeable, helpful and super responsive’

"I started my small business 2 years ago with very little experience in bookeeping, tax etc. I found Matt through a friend, he and his team are very helpful, they make it all sound easy, and respond to questions almost immediately. Emma did a Quickbook training for me, she was very nice, very knowledgeable, took it at my own pace and made it seem so simple! Brilliant service, thank you."

 

Vet&physio

TS Partners
5
2020-06-12T09:25:30+00:00

Vet&physio

"I started my small business 2 years ago with very little experience in bookeeping, tax etc. I found Matt through a friend, he and his team are very helpful, they make it all sound easy, and respond to questions almost immediately. Emma did a Quickbook training for me, she was very nice, very knowledgeable, took it at my own pace and made it seem so simple! Brilliant service, thank you."  

‘Overall it has been an excellent experience’

Since setting up my business 4 yrs ago the advice and support I have received from Matt and his associates has been exemplary. Now after being introduced to QuickBooks I have been given good advice and basic training by Emma who also gave me the confidence to use QuickBooks not only for the accounts but also to monitor the day to day running of my small business. Overall it has been an excellent experience.

Ian Tarry- in-house training company

TS Partners
5
2020-06-12T09:44:38+00:00

Ian Tarry- in-house training company

Since setting up my business 4 yrs ago the advice and support I have received from Matt and his associates has been exemplary. Now after being introduced to QuickBooks I have been given good advice and basic training by Emma who also gave me the confidence to use QuickBooks not only for the accounts but also to monitor the day to day running of my small business. Overall it has been an excellent experience.

‘Very helpful’

"Very helpful and quick to respond and set me up, also received quickbooks training which was great and I know if I get any problems I can contact them"

 

Cal

TS Partners
5
2020-06-12T09:24:38+00:00

Cal

"Very helpful and quick to respond and set me up, also received quickbooks training which was great and I know if I get any problems I can contact them"  

‘Professional & friendly service, very helpful’

"Really glad we started using TS Partners Accountants a few years ago; they gave us really good advice and eased us through the process of changing to a Limited company. This year we changed over to using QuickBooks for our bookkeeping and did our training with Emma & Danielle, both were very knowledgeable and made the training easy. There is always someone at the end of the phone or email to help with any queries. I would highly recommend them."

 

Ziz

TS Partners
5
2020-06-11T09:58:04+00:00

Ziz

"Really glad we started using TS Partners Accountants a few years ago; they gave us really good advice and eased us through the process of changing to a Limited company. This year we changed over to using QuickBooks for our bookkeeping and did our training with Emma & Danielle, both were very knowledgeable and made the training easy. There is always someone at the end of the phone or email to help with any queries. I would highly recommend them."  

‘Quickbook Training’

"Have always found Matt and his team very knowledgeable and helpfully. Received training today from Emma with regards to going over to using quick books and she couldn't of been more helpful; asking questions as she went and always saying just let me know if you have any problems. Very happy with the change to Quickbooks and Matt and his team's continued support."

 

Tobias

TS Partners
2020-06-12T09:25:14+00:00

Tobias

"Have always found Matt and his team very knowledgeable and helpfully. Received training today from Emma with regards to going over to using quick books and she couldn't of been more helpful; asking questions as she went and always saying just let me know if you have any problems. Very happy with the change to Quickbooks and Matt and his team's continued support."  
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TS Partners