The Equifax Business Failures Report released today shows a slowing of failures in second quarter of 2010, as organisations have kept close control on cash and costs. The figures represent a 19.1 per cent drop year on year and a seven per cent improvement compared to Quarter 1 2010.
Business information provider Equifax has released its Business Failures Report for the first quarter of 2010, revealing an apparent steely determination by UK businesses to survive despite the recession.
David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.