Company Voluntary Arrangement
This is a formal process enabling a compromise to be entered into between a company and its creditors, based on a vote passed by a majority of creditors greater than 75% of those voting on the proposal. All creditors are then legally bound to accept the terms of the Arrangement, including those who were non-voting or did not receive notice of the meeting.
A CVA is a strategically valuable tool, particularly where there are dissenting minorities – and as licensed insolvency practitioners, we can accept appointment as nominees and supervisors of CVAs.
Begbies Traynor Group Adds to Regional Strength with Fanshawe Lofts Acquisition
Begbies Traynor Group plc, the AIM listed specialist professional services organisation, has added to its strength in the region with the acquisition of Southampton and Bath based corporate recovery and insolvency firm, Fanshawe Lofts.
Fanshawe Lofts was set up in 1990. The well-established firm provides corporate finance, business turnaround, corporate recovery and insolvency services to small and medium-size businesses and is headed up by Senior Partners, Antony Fanshawe and Rosemary Penn-Newman.
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09/05/08
