Ensors Business Recovery partner and R3 Eastern Vice-Chairman, Mark Upton, has commented on the recent quarterly insolvency figures released by the Insolvency Service.
The statistics from April to June this year show a continuous decline from their peak in the recession. Mark comments “it’s highly likely that this could be down to all-time low interest rates as well as an increase in creditor tolerance. These have given businesses an easier time then expected in the aftermath of a recession.”
For further comment on the quarterly stats please click here.