Monthly Archive November 2016

ByMichael Morrison

10% of Businesses Fail After Entering a Company Voluntary Arrangement

Ten percent of businesses collapse within a few years of entering into a Company Voluntary Arrangement (CVA) due to a number of factors:- a) Suppliers who agreed to the CVA may later impose stricter terms of credit. b) A well drafted CVA is only a good road map in the progress of regrowth. c) Lack of sensible restructuring activity ensues.                                                                                                                                                                                                                                                                                                                                                The landlords of the insolvent companies often suffer heavy losses.

 

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