Monday, December 3, 2012
Won’t someone please think of the junior negs?
Some regional estate agents could go to the wall next year, a leading restructuring expert has warned. He said property agents, along with accountants and law firms, were at risk. He said: â€œI think weâ€™ll see some failures in 2013 in the accountancy, legal and [property] agent sectors. If businesses are burying their heads in the sand, then itâ€™s looking at death by a thousand cuts.â€ Firmin also said businesses across most sectors would have flat margins next year. He went on: â€œA lot of people are asking, are we going to be a Japan and have a lost decade. Itâ€™s not inconceivable.â€