Survey predicts insolvencies set to rise

February 2006
Credit Control;2006, Vol. 27 Issue 2, p44
Trade Publication
The article focuses on a survey which forecasts the rise of insolvencies by three percent in Great Britain in 2006, reaching more than 23,000 a year. There are more than 17,000 business insolvencies that were recorded over the first nine months of 2005 in England and in Wales, compared to 16,500 for the same period of 2004. Gross Domestic Product is expected to grow by considerably less than the 2.5 percent figure generally needed to stabilize the number of bankruptcies in the country.


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