Business failures will rise further in 2006
Next year will see failures peak, according to a survey by BDO Stoy Hayward
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.’