UK corporate insolvencies will fall in the third quarter of the year,
according to credit reference agency Graydon UK.
The drop in company failures in Q3 is likely to be 5.7% compared to the
second quarter of this year and 6% lower than the third quarter of 2009.
Martin Williams, MD at Graydon UK, said HMRC’s Time to Pay Scheme, which
allows businesses to defer tax payments, has helped reduce the number of
Williams predicts company failures will increase in early 2011 as the impact
of public spending costs and rise in VAT take effect.
Service releases its official statistics on company failures for the third
quarter on 5 November.
Public opinion is split over whether Brexit will harm or improve the UK accountancy sector
The Financial Reporting Council has launched an investigation into the conduct of the Big Four firm in relation to its audit of BHS
Colin sums up some people's attitude towards the result of the EU referendum using just two cups
Head of editorial Kevin Reed discusses the result of the EU referendum, and explores it means for accountants