Interesting findings from a study conducted by the Centre for Economics and Business Research (CEBR)
The UK insolvency industry:
- Employs 12,700 people directly, including 1,744 licensed insolvency practitioners, in 714 firms
- Provides assistance to businesses with a combined turnover of £132 billion each year
- helps to save 901,000 jobs annually in businesses that are suffering from solvency problems
- Is ranked ninth out of 127 countries for speed with which it deals with troubled businesses and tenth out of 175 countries for the amount it recovers for creditors
Posted in Uncategorized
Comments