company insolvency

Invoice Financing up as Company Insolvency Figures Fall

With the news that in Q2 2010, the number of company insolvencies in England and Wales decreased by 19.1% year on year, but has increased by 0.5% compared to the first quarter of 2010, Edward Rimmer, UK chief executive of Bibby Financial Services, says: “It is encouraging to see that the number of business insolvencies is in yearly decline, showing that the UK is finally recovering from the recession. But what is still of major concern is businesses are still suffering from a lack of access to finance and the liquidation of 4,080 businesses between April and June this year highlights that.” “Measures such as the Enterprise Finance Guarantee and HMRC Time to Pay schemes, designed to increase the level of funding to businesses, are still struggling to have the desired effec... »