Business failures are unfortunately expected to increase significantly, with our pre-existing economic woes now multiplied many times over by the pandemic and its knock-on effects.
As a company director you will know how vital it is to avoid any suggestion of reckless trading or of trading in insolvent circumstances, and if your business shows signs of financial distress it is imperative that you act quickly – not only to protect your own legal position but also to boost the chances of your company returning to profitability.
What’s the difference between liquidation and business rescue? How does business rescue work in practice? Read on for the answers…
