BusinessBusiness RecoveryCompanies at risk of insolvency increases

Companies at risk of insolvency increases

RSM Tenon research shows the number of companies at risk of insolvency is increasing every month

COMPANIES AT RISK of collapsing are increasing every month according to research compiled by RSM Tenon.

The firm found companies at high risk of going under increased each month by 3%, compared to the previous quarter, for the last three months.

“We may be out of recession, but high oil prices, the beginnings of inflation and the dampening effect of public sector cuts are all having an effect on UK business,” said Carl Jackson, head of recovery at RSM Tenon.

The Traffic Light report measured the danger of individual companies becoming insolvent.

Property companies have been particularly hard hit, with a 17% rise in those at high risk of insolvency in April compared to March.

 

 

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