Third sector companies urged to seek early advice after austerity measures force closures
A leading Midlands insolvency practice is advising third sector companies to take early action in the face of financial difficulties after announcements that more than 2,000 charities are being forced to close services as local authorities slash funding.With the effects of the coalition government’s funding cuts also biting hard across the sector an increasing number of organisations will struggle to stay afloat over the next 12 months. Experts at Cranfield Business Recovery, based in the West Midlands, say directors and trustees must be proactive about recovery by obtaining professional