East Midlands companies ‘need more breathing space’
Struggling companies should be given up to six weeks free from creditor pressure to plan a recovery or rescue, according to the Midlands branch of insolvency trade body R3.
The region’s insolvency professionals believe that the introduction of a ‘business rescue moratorium’ would help save more companies under severe financial strain, safeguarding more jobs and improving returns to creditors.
R3 Midlands chairman Chris Radford, a partner at Gateley in Nottingham, said: “The UK insolvency regime is flexible and effective but ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
