Individual Voluntary Arrangement (IVA)


  • Office cleaning contractor established for 35 years with a turnover of £2M
  • Family member employee defected taking 50% turnover away
  • Debtor suffering health problems, some age-related
  • HMRC arrears built while attempting to replace lost turnover


  • ABL £100K
  • Bank £75K
  • HMRC £450K


  • Debtor sold business to employees on deferred consideration per independent valuation
  • The creditors received a 47% return


For more information on IVA’s, please click here