The number of retail stores that are under CVA's (Company Voluntary Arrangements) in the United Kingdom is a concern shared by many retailers in UK highstreets and shopping centers. In 2020, in Lakeside Shopping Centre alone, 28 percent of stores were under CVA's.
When a company is insolvent, it can use a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period.
Share of stores under CVA in selected retail centers in the United Kingdom (UK) in 2020
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Harper Dennis Hobbs. (February 8, 2021). Share of stores under CVA in selected retail centers in the United Kingdom (UK) in 2020 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1025144/store-floorspace-lost-to-administration-by-retail-center-united-kingdom-uk/
Harper Dennis Hobbs. "Share of stores under CVA in selected retail centers in the United Kingdom (UK) in 2020." Chart. February 8, 2021. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1025144/store-floorspace-lost-to-administration-by-retail-center-united-kingdom-uk/
Harper Dennis Hobbs. (2021). Share of stores under CVA in selected retail centers in the United Kingdom (UK) in 2020. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1025144/store-floorspace-lost-to-administration-by-retail-center-united-kingdom-uk/
Harper Dennis Hobbs. "Share of Stores under Cva in Selected Retail Centers in The United Kingdom (Uk) in 2020." Statista, Statista Inc., 8 Feb 2021, https://www.statista.com/statistics/1025144/store-floorspace-lost-to-administration-by-retail-center-united-kingdom-uk/
Harper Dennis Hobbs, Share of stores under CVA in selected retail centers in the United Kingdom (UK) in 2020 Statista, https://www.statista.com/statistics/1025144/store-floorspace-lost-to-administration-by-retail-center-united-kingdom-uk/ (last visited October 02, 2024)
Share of stores under CVA in selected retail centers in the United Kingdom (UK) in 2020 [Graph], Harper Dennis Hobbs, February 8, 2021. [Online]. Available: https://www.statista.com/statistics/1025144/store-floorspace-lost-to-administration-by-retail-center-united-kingdom-uk/