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Tuesday, 19 October 2010

CVAs for Blacks Leisure and JJB Sports

Company voluntary arrangements are only for small struggling companies?

We hear this criticism endlessly, CVA's are only appropriate for small companies, large companies cannot use them and they are rarely successful. Nonsense! Just look at JJB Sports plc - it successfully exited the CVA in 2010. Also take the case of Blacks Leisure plc. The CVA it proposed closed 100 poorly performing stores. The rest of the business is trading so well it has had to appoint advisors to handle the growing number of approaches it is receiving. The business is now profitable and growing – who says CVA's are for small companies?

To learn how KSA successfully use CVA's to close unwanted stores or poorly performing divisions get our free 82 page CVA guide

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