The rise in the number of corporate insolvencies, announced today by the UK Insolvency Service for Q2 2013, reveals the true health of the broader economy according to Philip Duffy, partner at Duff & Phelps, a leading independent financial advisory and
Losses suffered by trade suppliers, landlords, employees and HMRC on the 20 largest retailers to file for insolvency since the beginning of 2012 totals £1bn. That’s according to new research into the scale of the damage being done to the
Insolvencies affecting larger businesses have fallen by 7.6% in 2012 compared to 2011 but wholesale and retail sectors have recorded a rise in corporate failures, according to the latest set of figures from the Insolvency Service for England and Wales.
A downturn in footfall, the shift to online shopping and trade and rising overheads are creating a recipe for insolvency on the UK’s high streets, according to leading trade credit insurer Atradius. Atradius’ retail risk underwriters revealed in a webinar on
Figures from the Insolvency Service on the administration of wholesale and retail companies in Q1 2011 show a 70% increase from the 58 company failures in Q4 2010 to 99 in Q1 2011 and an 11% increase on the 89