Dreams of riches contribute to company liquidation four-year high

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.’

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