By Michael Reid, managing partner, Meston Reid & Co
THEREs been a great deal of talk in recent months around the various options open to any business looking to deal with creditor pressure now that trading activity is resuming always assuming that it can meantime source both product and staff.
Ive taken the view that over-stretching the business/personal cash flow programme is unlikely to prove fruitful in securing survival, so care needs to be taken to manage cash resources in order to plot a return to overall solvency in the long term.
In June of this year, Kwasi Kwarteng MP wrote to the insolvency trade body R3 in his capacity as Secretary of State for Business, Energy and Industrial Strategy because R3 had asked him to provide comf…
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