Sponsored feature | Frank Brumby, of HCR Law, offers expert insight
Corporate insolvency rates are high, with just over 6,300 insolvencies for the three months to June 2023. Many of these businesses will be part of a supply chain, and not being able to meet commitments will be of concern for both those who face insolvency and those who rely on them.
Whilst the inflation rate is falling, costs are still increasing, and interest rates are still at risk of increasing as well – which will only continue to put financial pressure on businesses. For individuals and businesses of any size, the risk of a supplier failing to provi…
Read the full article at: https://www.cambridgeindependent.co.uk/business/protecting-yourself-from-insolvent-suppliers-9328577/