There were 4,080 business liquidations in England & Wales in the 2nd quarter of this year and an additional 1,311 companies entering into receivership or administration. Add on 34,743 private insolvencies (including sole trader companies) of numerous types as well as it is clear that the economic crisis will certainly affect how most of us do service for time to find. Whilst the simplistic response to staying clear of insolvency is not to get involved in financial debt, this is much easier said than done. Numbers from the Forum for Private Business report that 1 in 4 of all company insolvencies are triggered by clients paying invoices late. To avoid falling under this catch, it is really vital that a company stays on top of its planning as well as capital.