Begbies Traynor study discovers massive surge in the number of companies facing wind-up orders
Accountancy Age, 22 Jul 2008
Eight times more companies are facing critical problems at the moment compared to the same time last year.
4,258 businesses are now facing winding-up petitions from creditors or county court judgments in excess of £5,000, compared with just 542 in the second quarter of 2007, Begbies Traynor found.
The firm's Red Flag alert also found that quarter-on-quarter, the number of companies facing critical problems increased by 29% the FT reported.
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