The numbers, taken from notices in the London Gazette, show that 1,174 companies, or groups of companies, entered into administration across the UK during 2016, compared with the 15-year low of 1,111 in the previous year. The peak was seen in 2009, following the financial crisis, when 3,376 companies went into administration.
Blair Nimmo, KPMGs UK head of Restructuring, said: 2016 was a game of two halves, with the first six months of the year continuing the downward trend in corporate insolvencies. However, numbers started to creep up in the second half of the year, no doubt in part a reflection of the uncertainty created by the result of the EU referendum and the fluctuations seen in the currency markets.
KPMGs analysis of which sectors …
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