A survey of insolvency practitioners has found a total 4,846 UK jobs have been saved thanks to pre-packaged administrations this year.
Research by insolvency trade body R3 discovered that out of 5,478 jobs at risk, 4,846 (88 per cent) were saved in 89 pre-pack case studies, while the business owner remained in charge in 59 per cent of cases.
Pre-packs are valuable in the right circumstances when speed is vital, buyers are scarce and jobs need to be saved.
In light of the dramatic and sharp decline in our economy a pre pack administration can offer Directors and business owners a solution in very difficult time.
For more information on business recovery or to discuss your options in confidence please contact Phillip Evans direct on 0797 0500425