Lamport Bassitt Solicitors - Legal News - Business failure increase 'set to end'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Business failure increase 'set to end' The increase in the number of firms failing as a result of the economic downturn is set to end early in 2010. This is according to a new report from businesses services firm BDO, which has predicted that the rise will stop due to the economy returning to growth and the financial pressures being placed on companies easing. However, the organisation's latest Industry Watch report warned that a recovery is likely to be split into two speeds, with consumer-oriented organisations bouncing back far slower than their counterparts in areas such as manufacturing and real estate. Shay Bannon, head of business restructuring at BDO, remarked that "improved lending conditions and confidence in the markets" will help stem the increase in failures. Despite this, he added that the amount of troubled enterprises is likely to "remain on an elevated level" in 2010 as a result of the fall-out of the downturn. BDO recently produced research showing that the complexity of the UK's tax regime is hampering the recovery of the economy. Related Articles: 1/2/2012 - Insolvency body warns of greater SME distress 31/1/2012 - Govt makes u-turn on insolvency reforms 25/1/2012 - UK Q4 GDP shrinks as corporate insolvency rate creeps up 19/1/2012 - Corporate insolvency rates may rise 11/1/2012 - BRC warns over further retail insolvency problems More Insolvency & Restructuring News