Following the March company and individual insolvency statistics published by The Insolvency Service this morning, financial industry experts have commented.
Ian Hepworth, director of Croydon-based Funding Solutions UK: Increasing insolvencies are sadly a sign of the times, as macroeconomic headwinds continue to bite. The withdrawal of government support from businesses, higher interest rates, stubbornly high inflation, wage demands and supply chain disruption have proved too much for many firms, and they are folding as a result.
Bradley Lay, a business finance adviser at Bradley Lay: This latest insolvency paints a bleak and ominous picture of the economic landscape. These numbers reveal a concerning reality for businesses and individua…
Read the full article at: https://ifamagazine.com/article/march-insolvency-data-paints-a-bleak-and-ominous-picture-of-the-economic-landscape-reaction-from-business-finance-experts/