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 from a number of retail stores which are predominantly based in the North of England. They also have a strong online presence.
Instructed to invite offers for the assets of a landscaping business, in the hope of achieving a pre-pack administration sale.
The company operates as a one-stop shop for vehicle services, offering 24/7 emergency accident and breakdown recovery, 24-hour tyre replacement, maintenance, repair, bodyshop services and vehicle rental.
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