The number of SMEs seeking debt restructuring advice has doubled in the past 18 months, as more companies seek to initiate negotiations with their lender.
In response, banks are beginning to introduce more formalised negotiation procedures to satisfy increased demand for SME debt restructuring, according to Chris Ball, corporate finance director with business advisory firm Russell Brennan Keane (RBK).
''There is a growing realisation that existing debt or repayment levels are not sustainable over the medium...
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