Business failures are set to rise next year, according to BDO Stoy Hayward.
A survey by the firm suggests that 2006 will see 18,052 businesses go under,
a 4 per cent increase on the expected 17,303 failures this year.
The survey suggests that 2006 will be the peak of business failures in this
business cycle. Shay Bannon, business restructuring partner at BDO, said: ‘T
he rate [of failures] is low compared with previous cycles.’
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
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