Monday, Feb 08, 2010
Cash flow problems?
The independent: 'Tidal wave' of business failure feared as tax help scheme ends
Government sources admit that there could be a delayed effect on company closures and unemployment when the outstanding tax payments are finally demanded. They point out that many of these firms would have gone under without the state help and insist that most of them will survive since only viable businesses experiencing cash flow problems are being helped.
Posted by happy mondays @ 04:57 AM (644 views) Add Comment
2 Comments
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1. happy mondays said...
From the Telegraph -
More than 10,000 Britons are being declared insolvent every month, the highest level on record, official figures have shown.
The individual insolvencies consisted of 17,007 bankruptcies during the last three months of 2009, - which were up 24.9 per cent on the same period a year ago - and 13,219 of its less stringent form, Individual Voluntary Arrangements (IVAs) – which were up 26.3 per cent on the same period in 2008.
2. 51ck-6-51x said...
Indications of the approaching second wave?