Spike in failed businesses hidden by recent ‘feel good’ reports
Despite the recent good news that insolvencies are continuing to decrease and the UK economy is officially coming out of a double-dip recession, there is still cause for concern as it appears that the spike in company dissolutions is masking the true picture, warns insolvency experts, Cranfield Business Recovery. Although the national liquidation figures declined by 2.4% in the last quarter, the total number of dissolutions in the UK increased by an extra 10,000* when comparing July to August. This is indicating that a rising number of businesses are failing and, instead of taking the