Company voluntary arrangements (CVAs) are delaying “inevitable future failure” rather than helping businesses secure longer-term futures, new analysis suggests.
Of the 23 large businesses to have launched CVAs since 2016, 13 have gone on to plummet into administration, according to research by property advisory firm Colliers International.
BHS, Toys R Us, Mothercare and Jamie’s Italian are among the biggest high street names to have collapsed after launching a CVA process.
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