Extract . . .
“After-effects of recession suggest more insolvencies on the way. British businesses have failed to return to pre-credit crunch levels according to new research, raising new questions over the UK’s economic recovery and concerns over the prospect of a new insolvency epidemic.
RSM Tenon’s Business Barometer found that 76% of entrepreneurs are still waiting for their businesses to return to the levels seen before the credit-crunch hit in 2007.
Three years on and one in ten entrepreneurs believe it will take another three years for their businesses to return to ‘normal’ levels. 27% predict it will take one to two years and 20% think two to three years is a more realistic timeframe for business levels to be restored.”
Link
http://www.businessmag.co.uk/News/Finance/South--Entrepreneurs-struggling-in--wobbly--recove.aspx
No comments:
Post a Comment
Please feel free to give us your feedback here. All comments are subject to moderator's approval.