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Administrations mostly ineffective, two thirds of UK businesses fail

Consultancy.uk reports on research by Opus & the financial health monitoring specialists, Company Watch which shows that even when pre-pack sales are included, only 30% of businesses put through the Administration process survive.

“Nick Hood of Opus believes that a lot more troubled businesses could be rescued if they sought much earlier help from specialist advisers, allowing the business to leverage a much broader range of more options. “By not soldiering on as troubles accumulate, companies that get help stand a far better chance of refinancing or restructuring, saving more jobs and achieving higher and quicker recoveries for unsecured creditors.”

Click here to read the full Consultancy.uk blog

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