Business insolvencies could be on the increase in uncertain times
This suggests that the financial ramifications of the Brexit vote are already beginning to hit home and businesses should prepare for the fact that there could be worse to come, according to Simon Underwood, partner and business recovery specialist at Menzies.
Crucially, the 5.5 per cent rise in creditors voluntary liquidations is a sign that more business owners are making the decision themselves that their company is no longer financially viable, Underwood says.
This is a worrying trend and highlights the need for businesses to access advice and support at an early stage to ensure they are aware of business risks and are able to adapt thei…
Read the full article at: http://smallbusiness.co.uk/business-insolvencies-rise-2534786/