Failure for 70% of Administration cases

Failure for 70% of Administration cases

November 2, 2016


Accountancy Live reports on research by Opus Restructuring & Company Watch, which confirms that in over two thirds of all Administrations started and completed in England & Wales in the past five years there has been no business rescue.

Nick Hood, business risk adviser at Opus Restructuring, said: ‘Around only 30% of business rescue attempts through the administration process are successful. It’s a disappointing result, which reflects the endemic ostrich-like behaviour of struggling entrepreneurs who wait far too long before admitting they have problems.”

 

Click here to read the full article

Related News

Is inflation the last straw for the food & beverage sector?

April 22, 2022

Read more

Categories: Business Advisory, Group, Restructuring & Insolvency

Mini-umbrella company (MUC) fraud . . . HMRC are on the case

April 14, 2022

Read more

Categories: Business Advisory, Group, Restructuring & Insolvency

Categories

Previous Articles