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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.

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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