Insolvency data is always closely analysed as a barometer of the commercial health of the nation. The figures for April show that after seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,177, 18% higher than in the previous month.
However, it is the length of time taken to complete the process that has attracted the attention of Lord Sikka, professor of accounting at the University of Sheffield and emeritus professor of accounting at the University of Essex. In response to a written question in the House of Lords about how many liquidations began five, 10 and 15 years ago but are still not finalised, he was told that as of the end of last year, 8,189 com…
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