More than 100,000 businesses in the UK were owed money from insolvent companies and individuals in 2015
Approximately 6% of all UK businesses, or 113,000 in total, were creditors in an insolvency procedure in last year, according to research by insolvency trade body R3.
Phillip Sykes, R3 president Growing businesses encounter two classic problems: going for growth by taking on new customers without properly checking their creditworthiness; and a lack of controls to monitor their exposure.
This leaves growing businesses, particularly medium-sized ones, as the most at risk of being exposed to others insolvencies.
One in seven medium-sized businesses those employing 51-250 people were owed money by an insolvent …
Read the full article at: http://economia.icaew.com/news/january-2016/insolvencies-hurting-msbs