• 29 Aug

    Deal Completed CVA Business Non Recourse Factoring

    Here is the latest of our series of deals recently completed. A recruitment company with a turnover in excess of £2,500,000 per annum entered a CVA (Creditors Voluntary Arrangement) and their bank backed factoring company was not prepared to support the company whilst it was in a CVA.

    A CVA is a legal procedure, administered by a qualified insolvency practitioner, whereby a company that is insolvent reaches an agreement with its commercial creditors to repay all or part of its debts over an agreed period of time.

    We were able to find this recruitment company an alternative non recourse factoring facility from a factoring company that were prepared to support them through the CVA.

    More factoring deals to follow . . .

     

    By Glenn Blackman

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Examples of funders we work with:

closebrothersinvoicefinance
nucleus
apollo business finance
skipton
bibby
acg