Corporate insolvencies
The corporate insolvency numbers have been skewed by a wave of personal service companies being closed in the last quarter. It may have been just the closure of a handful of companies run by an umbrella provider which led to the spike. When you look beyond that though, 2016 had more or less the same number of insolvencies as last year.
Despite a number of challenges for businesses in 2016 the fall in the value of the pound since Junes EU referendum and the introduction of the National Living Wage among them there is still a lot of downward pressure on corporate insolvency numbers to balance these out.
Businesses are enjoying a significant safety net: compared to the pre-financial crisis…
Read the full article at: http://neconnected.co.uk/personalcorporate-insolvency-statistics-2016/