Post-BHS warning over CVAs as one in ten lead to administration

Stephanie Baxter
clock • 2 min read

Almost one in ten company voluntary arrangements (CVAs) have resulted in the firms falling into administration within three years, according to an accountancy firm.

Moore Stephens warned too many CVAs, which are used to help turn around companies such as British Home Stores (BHS), in too many cases only delay the inevitable and fail to protect creditors. Of...

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