Posts Tagged ‘christmas trade’
Comet Administration a Wakeup Call for Zombie Companies
In December 2010, I warned that struggling businesses that relied on Christmas trade to maintain solvency were asking for trouble.
Read MoreCorporate Insolvency to Rise in 2011, Despite Xmas Boost
Research carried out by insolvency trade body R3 has found that nearly 50 per cent of UK businesses are currently experiencing falling profits. The new ‘Business Distress Index’ found that 750,000 businesses had seen a reduction in their sales volumes and 32 per cent had experienced a recent fall in market share. Last year, a…
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