News Formal

UK Company Failures Rise Amid Debt Concerns

  • 📰 LBCNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 59%

Business Nieuws

Insolvencies,UK Economy,Debt

Official data reveals a 13% surge in UK company insolvencies in November, reaching 1,966. Experts express worries about businesses grappling with unsustainable debts, predicting continued high insolvency rates in 2025. Factors contributing to the situation include rising inflation, interest rates, and increased national insurance contributions.

The number of UK companies going bust increased last month, official data shows, as experts warned that more businesses face a “perilous financial position” as they remain weighed down by debts.

This included an 8% month-on-month increase in the number of creditors’ voluntary liquidations , at 1,565. “Insolvency levels have remained high throughout the course of the year and, despite improving economic conditions – including lower levels of inflation and rate cuts – we anticipate them remaining so in 2025 as firms continue to carry unsustainable levels of debt.

This was followed by wholesale and retail trade, and accommodation and food services, according to the data.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 75. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Intel CEO Pat Gelsinger Steps Down Amid Company TurmoilIntel has confirmed the sudden departure of CEO Pat Gelsinger, aiming to restore investor confidence. Gelsinger will retire in December and be temporarily replaced by EVP David Zinsner and Michelle Johnston Holthaus, with Frank Yeary becoming interim executive chair.
Bron: TheRegister - 🏆 67. / 61 Lees verder »

KTM denies Red Bull financial help incoming amid company strugglesMotoGP project on track despite financial turmoil at KTM
Bron: crash_motogp - 🏆 33. / 68 Lees verder »