Does a company voluntary arrangement (CVA) rule out borrowing?

During a CVA, new borrowing is heavily constrained and usually needs the supervisor's involvement — but a successfully completed CVA is a different, more open picture. A live arrangement signals ongoing restructuring. Once completed, with the company trading soundly again, borrowing becomes realistic. A company voluntary arrangement is a formal deal to repay creditors over time while continuing to trade. New borrowing during it is limited and typically requires the supervisor's agreement, because the arrangement governs the company's finances. Most mainstream lenders step back until it completes.

Does a company voluntary arrangement (CVA) rule

2 min read

In a CVAvery constrained

Completedfar more open

Sound tradingreopens the door

Borrowing during a CVA

A company voluntary arrangement is a formal deal to repay creditors over time while continuing to trade. New borrowing during it is limited and typically requires the supervisor's agreement, because the arrangement governs the company's finances. Most mainstream lenders step back until it completes.

After completion

A CVA seen through to the end shows the company survived and restructured — a credible recovery story. With clean current cash flow and the arrangement behind you, a lender can assess you afresh. See recovering from past difficulty.

Applying

If the CVA is complete and trading is sound, apply online.

Frequently asked questions

Can I borrow while in a CVA?

Rarely, and usually only with the supervisor's involvement, because the arrangement controls the company's finances. Most lenders wait until it completes.

Does a completed CVA still count against me?

It sits on the record, but a successfully completed CVA shows recovery. With sound current trading, lenders can assess you afresh rather than treat it as a live problem.