|
|
12 May 2011
MANUFACTURING ADMINISTRATIONS have taken a substantial drop according to statistics compiled by Deloitte.
For the first quarter of the year the sector saw administrations decline 18% to 86, compared to 105 for the same period a year ago.
Further reading
Ross James, (pictured) manufacturing partner Deloitte, said: "This trend is encouraging but the Q1 2011 figures lend a note of caution to this optimism. The number of administrations in Q1 2011 is higher than the previous three quarters in 2010 possibly indicating that demand is softening.
"This, combined with recent data on purchase orders is less encouraging, and we cannot preclude a further rebound in these figures if the recovery in demand is not sustained," said James.
Deloitte compiled the information from data published in the London Gazette.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment