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Business Distress Levels Reach Record Low

Business Distress Levels Reach Record Low

New research by insolvency trade body R3 has revealed that the level of business distress in the UK has hit a record low, with just 17% of businesses reporting a key indicator of distress.

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Solvency Abuse - Members' Voluntary Liquidation

Solvency Abuse - Members' Voluntary Liquidation

For a Chancellor committed to the abolition of red tape, one of the subtle changes George Osborne introduced this year is likely to tie some SME owners up in the stuff.  For those who may be seeking to wind up a solvent business, the new measures have the potential to heap time, costs and complexity into the process.

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