The administration of a company is the process that helps a company survive severe financial difficulty, and offers protection from creditors who may be seeking to wind it up and recover funds owed to them. On appointment, the administrator determines the best plan of action, taking into account the business’ current financial status and the unique issues being faced
CIBER has a unique offering for construction through our expert business turnaround strategies delivered by our partner-led panel of licensed insolvency practitioners. CIBER has the construction industry-wide experience, hundreds of demonstrable case studies, and can help your business navigate challenging times with confidence.
Company Voluntary Arrangement CVA
A Company Voluntary Arrangement formally restructures debt repayments to make them more affordable to the business over an extended period of time – typically between two and five years. All interest and charges are frozen, and debt remaining at the end of the arrangement may be written off.