Phil MeekinView Profile
There is a fall in numbers of administrations currently. At a time when there is an increasing of company insolvencies which suggests less companies being rescued from insolvency.
Over the last year, the number of company insolvencies (liquidations and administrations) has increased by more than 4%.
The number of administration’s in the first quarter have fallen by 7% in comparison to the previous quarter. Administrations primary aim is to rescue all or part of the business. The fall in administration numbers at a time when company insolvency is increasing suggests less companies being rescued from insolvency.