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21 Sep

Why businesses go broke

Since the Global Financial Crisis there has been a steady stream of businesses that have gone into administration.  In most cases a creditor has lost patience and decided to recover as much as they can so they don’t suffer the same fate.  As expected as soon as a business goes into administration, the value of

30 Jul

Most insolvencies are SME businesses

A recent news report (Small businesses face biggest insolvency risk: Study) highlighted how sensitive SME’s are to risk: More than 80% of company collapses in FY2013 had less than 20 employees. The study also showed that there were four major reasons for SME collapses: Bad strategic management. Cash flow. Lack of profit. Failure to maintain