Jarvis is poised to stave off collapse by engineering a standstill agreement with its banks and outlining a sell-off plan to raise cash. Profit warnings, hefty write-downs and management reshuffles have hit its share price and led to a breach of banking covenants. The strategic review is likely to include a standstill deal with the support-services group's lead banks, Royal Bank of Scotland nad Barclays, and the outline of a plan to raise cash from disposals. There will be another substantial write-down, expected to be a hit of £115m on the value of accommodation contracts.