The number of manufacturing companies deemed to be in financial distress dropped in the first quarter of 2011 – significantly in some areas – although the number across all business sectors went up.
Insolvency experts Begbies Traynor’s Red Flag Alert rates a company has having ‘significant’ financial problems if they are facing court action or ‘average, poor, very poor, insolvent or out of date’ accounts. Companies with County Court Judgements totalling £5,000 or more or those who have been issued with winding up orders are rated as ‘critical’.…
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