Griffin & King

Corporate insolvencies down 3.7% compared with Q1 2011 according to the Graydon UK Insolvency Predictor

Research released today from Tradeshift finds that 13% of invoices issued by UK small businesses remain unpaid every year, causing a £1.4tr black hole in the economy.

New figures show that the number of law firms in distress has risen dramatically.

A recent survey of R3’s members found that on average, 28% of potential trading administrations are now pre-packed or liquidated because of the expenses regime.

Government proposals to overhaul the pre-pack insolvency sales process have now been dropped, to the dismay of business bodies.

Confusion over the payment priorities of administrators of collapsed businesses is resulting in job losses and company liquidations, insolvency practitioners have warned.

Most of the staff at a Liverpool-based environmental charity are to lose their jobs, it has been announced.

At the recent CBI Conference, 70pc of business leaders polled claimed that prospects have grown bleaker given the recent European crisis.

Public sector workers planning to strike later this month could cost the economy at least £100 Million experts have warned.

The number of people becoming personally insolvent in England and Wales has risen for the first time in a year, according to figures released by the Insolvency Service.