If you are writing on today's Insolvency Service figures, please consider the following comment from John Pitchford, Head of Chester & North Wales, Barclays Corporate:
“A two-track corporate insolvency pattern persists in the UK with smaller businesses, particular those outside of the South East, still at greater risk of failure than mid to large sized companies.
“In line with the market generally, we have also seen a slight increase in insolvencies in Q1 and with the economic situation still uncertain there is some downside risk that may result in a further uptick in insolvency numbers towards the end of the year. However the companies that have successfully traded through the recession should generally be less threatened by a period of low growth and therefore we are unlikely to see a return to the number of high profile corporate insolvencies we witnessed in the winter of 2008/09.”
For more information on the statistics you are welcome to read
http://www.insolvency.gov.uk/otherinformation/statistics/201105/index.htm
