Administration & CVA's | RMT Accountants
Administrations and CVA's allow companies which have an underlying business that is profitable or saleable, to maximise returns to creditors.
In some circumstances they can allow payment in full to creditors and the return of the company to its directors.
These processes were introduced under the Insolvency Act 1986 and have since been streamlined and adapted to today's commercial world of rescue and entrepreneurship.
In the event of an administration, an insolvency practitioner will be appointed an as administrator of the company with control over the decision making and running of the business.
CVA's are largely driven by directors, who are often left in control of the business with the insolvency practitioner having only minimal involvement within the organisation.
We offer an initial free advice session to allow you to discuss issues with your company in a confidential and professional environment and establish whether there is anything we can provide that would assist you and your business.
