Monday, Jan 18, 2010
Perhaps not so rosy....
Times online: Company collapses set to worsen in 2010
''The number of British companies in financial distress rose by 6 per cent in the last three months of 2009, to 140,000, raising fears the worst effects of the recession are yet to come. Begbies Traynor, the insolvency specialist that produced the figures, warned that although these numbers were better than at the peak of the credit crisis after Lehman Brothers, the US investment bank, collapsed in September 2008, they would probably worsen again by the end of this year''
Posted by hpwatcher @ 09:08 AM (1302 views) Add Comment
8 Comments
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1. hpwatcher said...
They think it's all over.......
2. Crunchy said...
1. hpwatcher
I shall leave the obvious reply to someone else, but what does someone expect in this sacrificing of living stanards when ushering in a new and very uncertain yet seemingly unstoppable progressive global system/order? We all HAVE TO do our bit as responsible planet caring global citizens, right. "RIGHT". : (
3. Fly By Night said...
So that's what they call a recovery?
4. Martin Huntingdon said...
A recent article I read stated that ‘house’ repositions were only around 45000 for the year 2009 (maybe this is not correct). How can we have a figure of 14000 for companies that may collapse, which will affect a lot more people? There is some very dodge reporting going on from Governments, Financial Institutions, Media etc, etc which will ultimately only come to hurt us all in the end. State protectionism, self protectionism, we have not seen anything yet when economics fails due to funny money being invented (this is not economics just robbery). There was no way to invent money until we had the electronic revolution for financial corporate institutions and governments to make ‘fairy’ electronic finances (leverage, wish I could invent 100 pounds for every one I earned). Economics gone mad!! Lets face it no one knows and if someone does (official body) is not letting the cat out of the bag!!
5. mark wadsworth said...
Who cares? As long as house prices are going up, that's all that matters.
6. tyrellcorporation said...
Begbies Traynor rides the tail end of Gordon's boom-bust.
7. general congreve said...
That'll be why it says 'Up to 10-15% discount on many properties' in the window of one of the estate agents in my quite well to do South-east town. It's more of a FTBer estate agent too.
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