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Thursday, 11 November 2010

Blacks Leisure praises CVA process that saved the business

The chief executive of Blacks Leisure plc, Neil Gillis, has praised the use of a company voluntary arrangement or CVA that helped the business survive last year.  The business is now trading better and has attracted interest from buyers. 

Hopefully, now business people will realise that a CVA is an excellent tool to rescue companies.  Of course it doesn't work everytime but as long as it is carefully put together and it doesn't over promise and under deliver then in our view it is the best mechanism.  For more details of the Blacks Leisure CVA then please refer to our updated page at

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