Leadership tactics | How to deal with a business administration

In today’s current business climate, uncertainty is a common feeling felt by many business leaders. From the effects of Brexit to the flailing high street, the current state of business is a concerning factor.

Therefore, the news surrounding British textile design company Laura Ashley, who has recently overcome the threat of imminent closure, is encouraging news. The retailer was able to secure its fate after it secured access to sufficient funds to meet its immediate financial needs, reported The Guardian. 

As such, US bank Wells Fargo will be supporting the business over the terms of a £20million loan facility.