With the economy continuing to show signs of recovery, more SMEs are feeling confident about their future. However, this doesn’t mean they are all completely stable, as recent research shows that a growing number are exhibiting financial difficulties. Read more
Often one of the major obstacles preventing SMEs from growing, or in some cases surviving, is the lack of available finance. Even those with the right credit history don’t always get the help they need from the major banks.
Kodak may well have sought insolvency advice recently, the company has suffered financially over recent years, competitors have quickly over took the once market leader, as they have moved forward increasingly with the digital age. Kodak recently filed for bankruptcy protection, to allow it time to assess its position without having to face looming creditors and hopefully take the essential and necessary steps to allow it full corporate recovery.