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22 Jun 2009
Ailing companies have only a 50% chance of staying above water in a recession, thanks to poor treatment from lenders and bad management, a PricewaterhouseCoopers and Daily Telegraph study has found.
A survey of 150 turnaround specialists also found that banks are reluctant to help companies restore financial health, and are more likely to resort to insolvency.
Most at risk are businesses in the automotive, construction, hospitality, leisure and property sectors, the specialists said. They noted there had been minor improvement among the retail sector, whose prospects went from 'very poor' to 'poor'.
Managers came under fire for setting up inappropriate capital structures with too much debt.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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