New plans to help firms
THEÂ government has announced new tools that will improve rescue opportunities for financially-distressed companies.
The measures have been announced alongside new reforms that will help the government tackle reckless directors and improve corporate governance to protect creditors, employees and other stakeholders in companies approaching insolvency.
Proposed reforms will help strengthen the UK's business environment which is a key part of the UK's industrial strategy '“ the government's long-term plan to build a Britain fit for the future '“ ensuring the UK remains one of the best places to start and grow a business and is an attractive place to invest.