Monday, January 1, 2007
Business Failures Up 10.7% in 06
Predictions for rising insolvency ring true
Bad news for our services industry. The largest number of failures in a single sector was in Business Services - up 24.6%
Posted by nearly30 @ 01:21 PM (461 views)
4 thoughts on “Business Failures Up 10.7% in 06”
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nearly30 says:
‘Old skool’ industries seem to be fairing better.
“Of the 34 industries reviewed by Experian, only 12 recorded a fall in corporate failure in 2006 but 22 recorded an increase. Sectors experiencing a decline in business failures during 2006 included Oil (down 91.7 per cent), Agriculture, Forestry and Fishing (down 20.6 per cent), Utilities (down 13.9 per cent) and the Chemicals industry (down 14.3 per cent). ”
Bit worrying in light of our ‘modern’ industry mix – 1 in 5 jobs are in business services.
nearly30 says:
Sorry – Experian link failed – try this ref to the article:
http://icwales.icnetwork.co.uk/0300business/0100news/tm_headline=failures-second-highest-in-uk-&method=full&objectid=18361270&siteid=50082-name_page.html
sovietuk says:
article says “administration orders (up 56.3%)”. New Labours sh*te economy going down the pan
paul says:
It seems apt that Experian’s website fails whenever anyone tries to access it using a browser other than Internet Explorer. Try to actually speak to someone or get the name and address of someone responsible for something at Experian and you’ll get the same stone wall.