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Monday, 18 January 2010

Company collapses set to worsen in 2010 (Begbies Prediction)

Our rivals, Begbies Traynor, report that the HMRC Time to Pay Scheme has had a major impact on UK corporate insolvency volumes, but that Q3 2010 is the time they expect to see insolvencies rise sharply.

http://business.timesonline.co.uk/tol/business/economics/article6992052.ece

Once the HMRC scheme ends in other words....

(Begbies distress index shows that many more companies are suffering cashflow problems such that a material CCJ or winding up petition has been issued).

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