UK corporate insolvencies will fall in the third quarter of the year,
according to credit reference agency Graydon UK.
The drop in company failures in Q3 is likely to be 5.7% compared to the
second quarter of this year and 6% lower than the third quarter of 2009.
Martin Williams, MD at Graydon UK, said HMRC’s Time to Pay Scheme, which
allows businesses to defer tax payments, has helped reduce the number of
Williams predicts company failures will increase in early 2011 as the impact
of public spending costs and rise in VAT take effect.
Service releases its official statistics on company failures for the third
quarter on 5 November.
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