Sometimes CVA Advisors feel that they are trying to fight a battle when directors refuse to see the logic of a CVA.
Quite often directors believe that an Administration is the best course of action simply because their accountant has advised it!
Nothing that CVA advisors say can persuade them otherwise.
So let’s look at an administration.
The administrator takes control of your company – not you – you have no say. The administrator can sack you and he probably will.
The company can carry on trading but you won’t get paid if you’ve been fired.
Your competitors might buy your business off of the administrator. Your bank borrowings probably won’t be paid off if there is no debenture in place.
Does an Administration seem so good now?
Call TaxGone on 01302 815846 and ask to speak to a CVA advisor.
TaxGone - Company Voluntary Arrangement - CVA Specialists
from TaxGone http://ift.tt/15wjDHm
via IFTTT
No comments:
Post a Comment