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Entrepreneurs Panel

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Jennie Johnson
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Category: EquifaxSyndicate content

Business information company, Equifax, has released its analysis of Business Failures for the first months of 2011 which seem to suggest a continuing downward trend in enterprises going under.

Business failures fell by 12.1 per cent in 2010 compared to 2009, according to credit reference agency and business information provider Equifax. The firm has released its final “Business Failures” report for 2010, which it says paints a relatively positive picture for UK businesses.

Business information provider Equifax has reported a nearly 3% drop in the number of businesses going bust in April 2010 compared to March.

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.

Business information provider Equifax has reported that business failures at the start of 2010 are continuing the downward trend that was seen at the end of last year.

The latest Red Flag Alert - a quarterly monitor of early warning signs of company distress by insolvency specialist Begbies Traynor – appears to back up findings just published by Equifax that, while year-on-year the number of companies in serious trouble has risen hugely, the quarter-on-quarter picture is more encouraging.

The number of business failures continues to rise year-on-year, but the increase in failures has slowed considerably quarter-on-quarter during this year. This is the finding of the latest Business Failure Report from credit reference agency Equifax.

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Five Minutes With

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.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.