Decrease in the number of UK Company failures in the first quarter of 2012

March 21, 2012 - PRLog -- Corporate insolvencies down 3.7% compared with Q1 2011 according to the Graydon UK
Insolvency Predictor

London, March 19, 2012: Company failure rates during the first three months of 2012
were nearly 20 percent (19.9 per cent) lower than the same time period two years ago
(2010) according to the latest Graydon UK Insolvency Predictor.

Based on data published today by the commercial credit referencing agency Graydon
UK, the number of corporate insolvencies during the first quarter of 2012 were also
22.8 per cent down on the same period three years ago (2009).

The numbers of insolvencies in the first quarter of this year (2012) were 3.7 per
cent lower than the same period last year (2011). Furthermore, company failures in
the first quarter this year are down by nearly 5 per cent (4.4 per cent) compared
with the last three months of December 2011. This suggests that company liquidations
will continue to decrease this quarter.

Gordon Skaljak, External Spokesperson, Graydon UK, commented: “The good news is we
are seeing a decrease in the number of business failures. However, although the
threat of a double dip recession may appear to be receding, it is still important
for businesses to identify both opportunities and risks if they want to increase
their businesses efficiency and bottom line growth.”

This quarter’s Graydon UK Insolvency Predictor has found that the number of
insolvencies in the manufacturing sector has decreased slightly following the peak
at the end of last year. According to a recent UK Trade and Investment report, the
UK is one of the top manufacturers in the world and Government initiatives such as
‘Made in Britain’ and ‘Going for Growth’ are targeted at helping production
businesses in order to rebalance the economy.

Gordon Skaljak added: “Whilst support for small and medium sized manufacturing firms
exists, in the current economic climate, access to finance is still a challenge for
all businesses. Many firms find it difficult to keep their heads above water,
putting their suppliers on shaky ground.

Article sourced from: http://www.graydon.co.uk/

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Griffin and King are a leading firm of Insolvency Practitioners within the West Midlands with offices covering Dorset, Hampshire, Shropshire and Mid Wales