Last updated Jul 10, 2024 and written by Admin

Company Formation News

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At the start of the economic downturn the media was saturated with news of small companies going bust and the number of recent company formations declining. However, according to a recent report, the number of small businesses going into administration is falling.

According to one business consultancy firm the number of companies increased by 20% during the first quarter of 2009, in comparison to the same period last year.
However, the number of companies going into administration, increased by just 3% when compared against the last six months of 2009.
Matthew Jackson, managing director of business advisory firm catalysts comments; “While the small business sector remains at risk and the number of administrations are still high, our report did reveal a slowing down in the rate of companies failing.”