The figure represents an 8% increase on 1998.
According to PricewaterhouseCoopers, the increase represents an increase in company start-ups, sustained growth in the UK economy and an increased reluctance on behalf of creditor banks to instigate formal receiverships.
A spokesman from the firm’s business recovery services division said: ‘The paradox of the strengthening economy is that as more would-be entrepreneurs pursue their dreams of riches, the number of failures will inevitably rise.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.