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22 Jun 2011
CORPORATE INSOLVENCIES will increase this year, according to credit risk analysts Graydon UK.
Although business insolvencies are due to decrease 6% in the second quarter compared to the same period a year ago, a 3% increase on the first quarter of the year.
Marketing director at Graydon UK Gordon Skaljak said: "This is the first indication of the long expected upward swing in businesses failures that has traditionally followed a downturn.
"HM Revenue & Customs has also announced that it will not publish figures on the [tax deferral] Time to Pay scheme after July, indicating that perhaps the scheme is winding down and the removal of this support is likely to make it increasingly difficult for businesses to keep their heads above water."
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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. 
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