The recession may be behind us, but for UK businesses, the problem of bad debt remains stubbornly in place. How exposed is your firm? What steps can you take to protect yourself from a massive hit? We take a look… Bad debt: a fact of life? At first glance, the figures are encouraging. Research from the Association of Business Recovery Professionals suggests that the number of UK corporate insolvencies has fallen from the 2009 peak of 26,000 to 18,000 in 2014 and the incidence of personal insolvencies is also in decline. Given that failure to settle bills is a standard…
How bad debt could destroy the profitability of your business
