The boom and bust cycles of the 1980's and 1990's, together with new insolvency legislation, threw the nightmare of business failure into the public consciousness as never before.
Insolvency is a problem which can and does affect every type of business.
No matter how sound the state of a company's own finances, it is at risk from the insolvency of customers or suppliers. Failure to recognise and react effectively to warning signs can place a company behind other creditors in the race to get paid. Failing to react at the right time to unfair pressure from creditors can also be critical. Creditors and directors must take prompt and appropriate action to limit exposure - a major bad debt can threaten any company's solvency. Masons' Involvement Masons acts for a wide variety of clients in many industry sectors, and are accustomed to responding quickly and effectively in the fast moving world of business failure.