Purnells CVA Success Rates

Analysis of the success rates of CVAs supervised by Purnells

During our first meetings with clients, we are often asked whether we can gove them some form of indication if there CVA will be successful. Unfortunately, it is very hard to predict those sorts of things. However, following an ISO review of Purnells' CVAs, the following as noted:

  • Of all CVAs that Purnells deal with, 60% end successfully, with the Debtor Company completng their obligations.

  • Of that number, 100% were approved at the first meeting of creditors.

  • Finally, from those that successfully completyed, an average dividend of 47 pence in the pound was paid.

Should you wish to discuss a CVA for your Company with Purnells, please do not hesitate to contact us on 01326 340579 to speak to any one of our 3 Licensed Insolvency Practitioners.

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