Quick action needed as pressure mounts on struggling businesses
Quick and decisive thinking will help save many businesses as pressure mounts on those who are underperforming, according to experts at a leading Coventry insolvency practice.Tony Mitchell, managing director at city centre-based Cranfield Business Recovery, said struggling businesses had last year benefited from a softer approach by the banks, businesses and HMRC but that was set to change as more pressure is applied on them throughout 2011. His comments came as new figures revealed an increase in Administrations in the first quarter of the year of 21.8 per cent, compared to the final