Thu, 08 Jul 2010 | ADMINISTRATION
New research from PriceWaterhouseCoopers has revealed that corporate insolvencies are on the decline.
The firm found that the number of businesses to become insolvent has fallen by 21 per cent in the second quarter of 2010 when compared to the first quarter. Construction and manufacturing both saw a significant drop in insolvencies of 24 per cent and 37 per cent respectively. When compared with the same period last year, total insolvencies have dropped by 28 per cent.
“Businesses are starting to look at other options before insolvency is used as a last resort,” said Mike Jervis, partner in business recovery services at PwC.
The company was established by our vendor client in 2002 and its business offers all types of bespoke joinery manufacture, primarily on a supply only basis or, if suitable, on a supply and fit basis (75% of the total trade is ‘supply only’). The vast...
Presenting a superbly established manufacturer of customised timber and plywood packing cases and crates for industrial use located in South Devon.
Established in 1991 by one of the two proprietors (and father, who retired in 2002), the other present owner joined the business in 2003. In 2004, the business was incorporated with the founder having 80% of the company shares and the other having a...
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