Many suppliers will do a credit check before doing business with a company - and shy away from a company in a CVA. They may insist on payment in advance for any goods and services.

Similarly, any potential customers may also credit check and have a policy of not doing business with a company in a CVA. They take the view that the company may not be able to live up to expectations.

A CVA will stay on the company’s credit file for 6 years AFTER the CVA has finished - that could mean up to eleven years in all.

A CVA can make it very difficult to trade successfully.

Call us to explore the alternatives - 0800 622 6332