The closure of Carillion and worldwide giant, Toys R Us, only highlighted the financial issues plaguing many businesses. The latest insolvency statistics have also suggested the effects regarding company insolvency can run much deeper than originally thought.
Business Rescue Expert, a leading insolvency practitioner firm based in the North East, are sharing the knock-on impacts of one of your clients entering insolvency.
As mentioned above, the Q2 statistics for company and individual insolvencies in 2018 have been released. The previous year recorded a rise in the number of total insolvencies and, while there are slight improvements, the 2018 stats do not make for much better reading. In the first quarter of 2018, for example, the total i…
Read the full article at: https://www.businessupnorth.co.uk/how-your-clients-insolvency-can-affect-your-business/