The pick-up in trading activity is great to see but my excitement is tempered by our data on external administrations, in particular, which are rising across almost every industry, Coghlan said.
External administrations slipped in April month-on-month due to seasonality but remained up 13% year-on-year. CreditorWatch noted that in an environment of still-rising costs for many industries, particularly those reliant on labour, and falling demand, external administrations almost without doubt will rise.
While this is a return to pre-COVID levels in most instances, the rate of external administrations in industries such as healthcare and media/telecommunications is beginning to exceed that, Coghlan said.
The index also revealed that court a…
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