Figures released this week show that over 60 businesses a day went bust in the first quarter of this year, the highest number recorded since 2009. There was a 5% rise from the same quarter of 2011. Failures in the business services sector contributed to 25% of the total company insolvencies.
The biggest sufferers were reported as design agencies, PR agencies, IT consultancies and equipment and manufacturer suppliers with hospitality, tourism and construction not far behind. The construction sector made up for 10% of al insolvencies and the property services sector for 7%.
If your business is having financial difficulties, don’t wait until you are insolvent before dealing with the problem… call Beer & Young today!
No comments:
Post a Comment