Timing is key when rescuing companies in financial distress

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Many of the firms placed under Administration could have fared better under management action rather than through the hands of Administrators. FILE PHOTO | REUTERS

To many people, being an undertaker is considered an undesirable profession owing to its proximity to death, something that is universally feared.

Sadly, Insolvency Practitioners (IPs) are viewed with similar trepidation as their arrival typically heralds the demise of a company.

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Note: The results are not exact but very close to the actual.