Spike in corporate insolvencies predicted

Posted: 4th November 2011

Accountants RSM Tenon are predicting that corporate insolvencieComemrcial property derelicts will show an 11 per cent rise in the third quarter of 2011 compared with 2010. The firm predicts that 5,000 businesses will have failed in the preceding quarter.
The prediction follows two quarters of generally falling insolvency statistics and is largely blamed on the continuing global economic problems.