BusinessBusiness RecoveryBusiness failures on the rise

Business failures on the rise

Business failures have risen sharply in the first quarter of this year compared to last year, according to the latest figures from Dun & Bradstreet.

D&B’s quarterly survey of bankruptcies and liquidations revealed that business failures had grown 15.4% from 9,360 to 10,803, with smaller companies affected more severely than larger ones. There was a 20.5% increase of bankruptcies of small companies compared with a 9.6% rise for larger businesses.

London was the only area of the country to record a drop in business failures, while Wales experienced the largest increase of 44%.

Philip Mellor, senior analyst at D&B, said: ‘Part of the increase is due to the low base with which these figures have been compared. Last year the first quarter figures were the lowest they had been for nearly 10 years. So we will have to wait until the next quarter to be quite sure that the business failure trend is running significantly upwards.?

Related Articles

Carillion CFO blew whistle over “sloppy accounting” months before collapse

Business Recovery Carillion CFO blew whistle over “sloppy accounting” months before collapse

2m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

2m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

3m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

3m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

3m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

3m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

4m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

4m Emma Smith, Managing Editor