CVAs ‘should be reformed’ to improve chances of success
Company Voluntary Arrangements (CVAs), the restructuring mechanism which has come back into the spotlight because of the pressure on retailers and restaurants, should be reformed, according to trade body R3.
CVAs have been used in recently by a number of high street names including Prezzo, Carpetright, New Look and Byron.
Research commissioned by R3 and carried out by Wolverhampton and Aston universities, has made five recommendations to improve the perception and performance of CVAs.
It follows the findings that 65% of all C... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...