Company insolvencies to rise, say PwC

Contact: Dinesh Raja, Managing PartnerDespite the recent fall in corporate insolvencies, accountants PricewaterhouseCoopers are predicting that company failures will rise during the year as the reductions in real incomes bite on consumer demand.

They consider the retail, hospitality and leisure sectors – which rely on discretionary spending and thus are always heavily effected by falling incomes – to be the riskiest sectors.

PwC also pint out that the need to refinance debt poses a significant medium-term problem for many businesses.

If your business is affected by any of these issues, contact Dinesh Raja, Managing Partner on 020 8221 8080 or e-mail dinesh.raja@bowlinglaw.co.uk.