Friday, October 29, 2010

Recovery with shadows.

£6.8bn Time To Pay arrangements granted

If a company asks for more than one Time to Pay agreement or a further extension on their agreed repayment plan, this indicates their financial difficulties may be extremely serious. We understand that the number of repeated deferrals increased considerably from around 33,000 in September 2009 to 79,000 by early 2010. Without new figures, it is impossible to tell how many companies under the Time to Pay banner are severely distressed and at risk of insolvency.

Posted by novice pete @ 10:28 PM (1345 views)
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2 thoughts on “Recovery with shadows.

  • Critics of the Time to Pay scheme have said that the arrangements are simply delaying the inevitable and predict that when the government is pulled [sic] there will be a wave of insolvencies.

    Start a new scheme – quick!

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  • Yeah! Spin up the spin machine! They need to find some extra gears.

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