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August 2022

What are the common red flags that a business is failing

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Written by Keith Tully, partner at Real Business Rescue With business insolvencies on the rise and organisations of all sizes struggling to deal with rapidly increasing costs, spotting the red flags of business failure is now more important than ever. Fortunately, there are certain issues, both strategic and day-to-day, which signal problems ahead and can […]… Continue Reading

Why traditional credit checks don’t always tell the full story

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How often do you struggle to get paid? Whether it’s late settlements or getting paid at all, many contractors spend far more time than they should chasing payments. According to Construction News this is an industry-wide problem that reaches beyond main contractors. Companies throughout the supply chain are guilty of poor practice when it comes […]… Continue Reading

National Insolvency Report: Monthly Statistics August 2022

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National Insolvency figures published (16 August 2022) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in July 2022 was 1,827: 67% higher than in the same month in the previous year (1,096 in July 2021), and 27% higher than the number registered three years previously (pre-pandemic; 1,440 in July 2019). In July […]… Continue Reading