UK business failures are falling, indicating that businesses are proving increasingly robust in the tough economic climate. But while the number of failures has continued to drop from a record high of 26,200 in 2009, our latest figures suggest that the figure will remain above pre-crisis levels until at least 2015. This confirms that the long term outlook remains uncertain for the UK economy.
Our latest Industry Watch report looks back at 2010 and ahead to 2011 and beyond to analyse the significant headwinds likely to create a long tail for business failures.
Industry Watch is a unique quarterly publication which analyses the trend of business failures in the United Kingdom. Using detailed quantitative analysis of the factors influencing the cash flow situation of businesses in various industries we predict what will happen to the number of businesses in difficulties over the next three years. The Industry Watch report and the underlying model is the only publication which assesses demand, cost and financial issues affecting sector industry health. Based on the economic forecasts by the centre for economics and business research ltd we are able to draw a detailed picture of business failures by industry. The resulting projection is an invaluable planning tool for banks, accountancy practitioners, service providers and companies in the industries themselves.
We work with The Centre for Economics and Business Research (Cebr) to put together the report. Cebr is a leading independent commercial specialist economics consultancy.
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