Business insolvencies continue upward trend – R3
The number of company insolvencies continued its upward trend in the second quarter of the year, according to the latest official figures released today.
While the number of insolvencies was down by 12% compared with the first quarter – when the figures reached a four-year high – it was 12% higher than the same period last year.
Construction firms were the worst affected, followed by the retail, wholesale and vehicle repair sectors.
The figures show there were more than 3,900 business insolvencies in the second quarter.
... 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...
