Last year corporate deaths rose to levels not seen in five years. On almost every level, personal and company insolvencies are rising, and fast, according to the Insolvency Service. It is bleak news in a bleak midwinter.
Maybe that is not a surprise.HMV and House of Fraser were just two of the high street names that collapsed last year. Then there was Conviviality and more recently Patisserie Valerie, the Luke Johnson-led cake chain. And of course, Carillion, the outsourcer that went spectacularly bust a year ago.
Perhaps more remarkable is that the highest number of failures in the last quarter was in the construction industry. Retailers and wholesalers came second and eateries and inns ranked third, said the Insolvency Service.
Wind-…
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