Corporate insolvencies on the rise
Company insolvencies have increased for the first time since Q1 of 2014, according to new government figures.
The Insolvency Service has revealed that an estimated total of 3,694 companies entered insolvency in Q1 2016, which was 5.4% more than Q4 2015 but 3.6% lower than Q1 2015.
Meanwhile, a total of 804 companies were subject to a compulsory winding-up order
in Q1 2016, a 36.0% increase on the previous quarter but 11.5% lower than Q1 2015. This was the main driver of the increase in total company insolvencies.
There were an esti... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
