News Centre

A Company Voluntary Arrangement (CVA) is a solution which the directors of an existing company may potentially propose if the underlying business is viable but the company has suffered from specific issues that can be remedied, perhaps an unforeseen, large bad debt. In many instances a CVA will not be feasible, particularly if the underlying business is not profitable or there are issues requiring investigation, however, where it is an appropriate strategy a CVA can be an effective rescue tool.

There are certain sectors where the big companies enjoy a monopoly that is unlikely to ever come under threat. This may be due to a lack of competition or simply a specialised and structured way of doing things, with the construction sector standing out as an example where cases of company administration mean that only the major companies have survived in many cases.

Numerous sectors across the UK have been affected to varying degrees by the global financial crisis. The retail sector has received a great deal of recent press attention but the construction industry has also experienced a number of serious blows over the last 5 years.

SME manufacturers have endured a tough time recently, but even those who have been hit hardest by the global financial crisis appear to be optimistic about the prospects of future growth.

As things begin to look bleaker for high-street retailers, the key question is just how far are those within the industry willing to go in order to attract new customers?