5 June 2009
Worst company failure rate for 16 years, 57% higher than a year ago, plus gloom as personal bankruptcies soar
Company failures reached a 16-year high in the first three months of 2009, official figures showed yesterday. There were 5,011 company iva-glossary/liquidation” class=”kblinker” title=”More about liquidation »”>liquidations in England and Wales between January and March – the highest since the second quarter of 1993 on a non-seasonally adjusted basis. The gloomy figures were 57% higher than a year ago and a 13% jump on the last three months of 2008. It is the fifth successive quarter of rising corporate insolvency. Further, a record 19,062 people were declar
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Worst company failure rate for 16 years, 57% higher than a year ago, plus gloom as personal bankruptcies soar
