2 minutes

A Notice of Report of a Meeting Approving Voluntary Arrangement refers to a legal document that informs creditors, shareholders, and other interested parties about the outcome of a meeting where a proposed voluntary arrangement has been considered and approved.

When a financially troubled company proposes a voluntary arrangement to its creditors, it is required to convene a meeting where the proposed arrangement is presented and discussed. The purpose of this meeting is to allow the creditors and shareholders to vote on whether to accept or reject the proposed arrangement.

Once the meeting has taken place and a vote has been conducted, a Notice of Report of a Meeting Approving Voluntary Arrangement is issued. This notice provides a summary of the meeting’s proceedings and highlights the outcome of the vote. If the requisite majority of the creditors and/or shareholders present at the meeting have approved the proposed voluntary arrangement, the notice will state that the arrangement has been approved.

The notice also includes important information about the terms and conditions of the approved arrangement. It may outline the repayment plan, any changes to the company’s operations, and the rights and obligations of the parties involved. The purpose of the notice is to formally inform all stakeholders about the decision made to proceed with the voluntary arrangement and to provide transparency regarding the approved terms.

These notices are filed with Companies House against the registered company number. All UK company liquidation notices and updates are tracked centrally by Doorda.