PwC analysis has found that 5,772 companies
entered insolvency in the first quarter of 2012. Administrations and corporate voluntary
liquidations made up the majority of the increase between Q1 2012 and Q4 2011 – both were
up 18% . The cumulative total corporate insolvencies for the past four quarters is 22,019. The
total corporate insolvencies for all of 2011 were 21,858, showing the four quarter total
is increasing. Mike Jervis, partner, business recovery services,
PwC, noted that while there was is often an increase in retail insolvencies in Q1 following
Christmas trading, retail still represented one of the most vulnerable parts of the economy. For the complete article, please go to Big4.com