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How a CVA works
An insolvency practitioner proposes a plan to pay creditors an agreed amount over a set period. If enough creditors approve, it binds them, and the company continues trading under the arrangement — a middle path between struggling on and liquidation.
When it fits
A CVA suits a fundamentally viable business with a temporary debt burden. It is not a soft option: miss the terms and it can fail into liquidation. Take early advice to judge whether the business is genuinely viable.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Does a CVA close my company?
No. A CVA is a rescue arrangement — the company keeps trading while repaying creditors an agreed amount over time, provided they approve the plan.
Who has to agree to a CVA?
A required majority of creditors, with an insolvency practitioner supervising. Once approved, it binds the creditors it covers.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.