Having a plan to protect your organisation from the fallout of a key supplier ceasing trading is essential in these economic times, say Radford Goodman and Ben Morgan
When a company goes into insolvency, the focus tends to be on the losses suffered by its creditors – suppliers, employees, banks, landlords and HM Revenue & Customs. But it is not only creditors who can suffer serious consequences as a result of an insolvency – customers may also find themselves in severe difficulties as a result of the collapse.
