The statistics for small business survival are not very good in the Uk.
Same could probably be said for small businesses in other countries.
The majority of small businesses fail within the first 5 years. In fact 40% of businesses started in the UK don’t survive 5 years after being started.
Not good news for small businesses but maybe good news for insolvency solicitors and law firms.
When a business folds there isn’t really anything positive that happens for anyone involved.
Discover ways that you can grow your business and stabilise your cashflow so you don’t have to go through this painful process.