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Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Administrators over Advantage Designs Limited T/A Chasewood on 23 June 2014.

When your company is struggling and you can see only trouble ahead, it can be difficult to know what to do. Introducing robust and clear business restructuring methods can be the obvious answer to try and turn things around, but many people see a merger as a more attractive, long-term plan.

UK SMEs faced average trade debts of £1.3m in the last financial year, according to new research, suggesting Britain’s businesses are far from in the clear.

Infrastructure improvements should be a priority for the government, according to two fifths of the country’s SMEs who were questioned as part of a new report.

Not even the most established businesses have been able to avoid the financial problems which occurred on the back of the latest economic crisis, with big names such as HMV and Blockbuster feeling the impact as well as numerous smaller businesses.