ALMOST a quarter (24 per cent) of companies in the South East have suffered a hit to their finances following the insolvency of a customer, supplier or other debtor during the past six months, according to new research from R3, the insolvency and restructuring trade body.
The research found the financial impact of such exposures was described as very negative by one in ten South East companies and as somewhat negative by 14 per cent of respondents.
The figures are evidence of the so-called domino effect, where one companys insolvency will increase the insolvency risk for others.
In Q1 2018, following a spate of high profile insolvencies involving large companies such as Carillion or Toys R Us, underlying insolven…
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