Fri, 16 Jul 2010 | BUSINESS NEWS
More than half of corporate insolvencies can be attributed to poor management, according to new research.
The R3 trade body polled insolvency experts and found that the 'incompetence or bad management' of company directors was to blame in 56 per cent of cases.
Regardless of the economic climate, no business will survive without strong management, the research revealed, also establishing that 40 per cent of insolvencies could be prevented if advice was sought sooner.
Sixty per cent of experts believed, however, that the insolvency regime in the UK is overly forgiving towards failing directors.
The business operates in the UK with an international presence and specialises in providing comprehensive recruitment solutions to customers in the technical sector.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
The company is well-established and operates from a third party owned quarry in Lincolnshire. The business quarries, manufactures and supplies a range of aggregate products, gabion stone and provides associated products and services throughout the Un...
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