New summary rescue plan could be lifeboat for struggling SMEs
Proposals to introduce an ‘examinership-lite’ process which avoids costly court procedures could be a lifesaver for businesses and the exchequer alike
Given all the economic upheaval of the past ten months, it is remarkable that so few businesses, many of which have been involved in stop-start operations and rely on government support, have actually collapsed.
There have been some high-profile insolvencies since March 2020, mostly among the Irish arms of British retail chains. But according to figures released last week by Deloitte, the auditing and consulting firm, insolvencies in 2020 rose by just 1 per cent...
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