High street insolvencies are set to rise next year, BDO has warned.
Many of the failures will happen in January as landlords call in rental
markers for the last quarter of 2007.
The firm said that 1,382 retailers were set to go bust in 2008 as the credit
crunch and rising bills take their toll.
The manufacturing, wholesale, real estate, transport and leisure sectors have
been highlighted as the ones most likely to be hit hardest in 2008.
Only the technology, media and telecoms sectors will experience a drop in
insolvencies, BDO added.
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens
Team Rock the publication of classic rock is in administration with FRP Advisory