UK seeing fastest growth in business failures since 1999
The UK is experiencing its fastest growth in the number of limited businesses failing, according to the latest figures from Experian, the information solutions company. In the first three months of 2006, corporate failures increased by 15.3 per cent to 4,818 – the highest quarterly increase recorded since 1999.
There has also been an increase, for the first time since Q1 2002, in the number of companies going into compulsory liquidation. Compulsory liquidation is when the court makes an order for the company
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