As small businesses, many builders lack the security of future orders even when there is a supposed housing boom going on. Construction is a particularly volatile sector at the best of times. Like all small firms, when banks are particularly wary of any lending risk, they are likely to be having difficulties securing finance. It has long […]
When a business becomes insolvent one of the big obstacles that insolvency practitioners face is trying to trade the business whilst a turnaround plan in put in place. Administrators need tools to enable them to trade and over the years this has got progressively harder. When the Insolvency Act 1986 came in IP’s could use both Administration and[…]
