Company Insolvencies to Rise Say PwC

Posted: 20th July 2011

Despite the recent fall in corporate insolvencies, accountants PwC are predicting that company failures will rise during the year as the reductions in real incomes bite on consumer demand.

Liquidation Sale
They consider the retail, hospitality and leisure sectors – which rely on discretionary spending and thus are always heavily effected by falling incomes – to be the riskiest sectors.
PwC also pint out that the need to refinance debt poses a significant medium-term problem for many businesses.