BizSugar.com › Finance › 5 Last Chance Business Rescue Techniques For Insolvent Companies In The UK

By Keith Tully

Starting a small business in the United Kingdom is no easy task, especially if your company is operating within a competitive industry and/or you’re based in a densely populated area where the cost of operating is usually more expensive than in rural areas. Although many businesses go under in the UK every year, the Insolvency Act and surrounding legislation has introduced formal Court procedures that can help a company escape the threat of liquidation and dissolution.