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Monday, 2 November 2009

Suspiciously low corporate insolvency statistics??

Dan Atkinson of the Mail on Sunday points out that this recession is like no other, especially given the suspiciously low corporate insolvency statistics. A nicely worded article that highlights the fact that 210,000 companies remain on HMRC life support, or time to pay deals.

http://www.thisismoney.co.uk/news/opinion/article.html?in_article_id=492664&in_page_id=19&in_author_id=1906

Mr Atkinson struggles to reconcile cash turnover falling in many sectors, yet the insolvency statistics are not rocketing up. Hardly suprising with free cash support from HMRC.

As Peter Sargent, boss of the insolvency trade body (R3) says, "the problem will come at the end, when support is withdrawn".

Ah but by then an election will be really under way!

1 comment :

  1. www.irishliquiations.ie have released figures that corporate insolvency in Ireland has skyrocketed figures showing nearly a 100%rise on 2008

    ReplyDelete

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