Philip King, the former CEO of the Chartered Institute of Credit Management and more recently, Interim Small Business Commissioner, joins the show to reflect on his time in the role. Philip explains the key risks those who work in the credit industry face and what they should be looking to do to mitigate these.
As we come out of recession and into recovery, this is the time where small businesses are most at risk. Sales have been decimated by the pandemic, new debts were taken on and there's a shortage of trade credit availability.
Will the insolvency service have the capacity to cope with the potentially overwhelming flood of business failures that are hiding around the corner?