May 05 2017
New statistics released by the Insolvency Service reveal the increasing risk of default that faces businesses that offer credit to their customers.
In England and Wales
Sectors that produced the most corporate insolvencies in 2016
Samantha White, CEO of My Credit Controllers, said
"These figures underline the importance of making sure your customers are paying you in a timely way. Struggling companies only pay the suppliers that they absolutely have to, so proactive management of credit control will help you avoid getting caught with a bad debt from a company that later goes into administration."
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