Following theQ4 2022 company insolvency datapublished this morning, which showed company insolvencies were 30% higher than in Q4 2021, brokers and financial experts have commented:
Mark Grant of Gloucester-based business finance broker,The Business Finance Branch:Its brutal out there right now.In the fourth quarter of2022 and into 2023, we have seenan increase in businesses fearing that administration may become an inevitability,as their cash flow position has deteriorated so seriously in recent months. Instead of simply not being profitable, they are in some cases out of cash full stop and not able to meet the fixed overheads and staff costs that enable them to operate. Businesses that can smooth out cash flow and remove the large, one…
Read the full article at: https://ifamagazine.com/article/insolvency-service-q4-2022-company-insolvencies-30-higher-than-q4-2021-reaction-from-business-finance-experts/