Last Updated on: 22nd November 2023, 07:55 am
| BMMagazine.com
The insolvency rate in the corporate world dropped by 15 per cent in April, suggesting a rise in business confidence. However, experts have warned that this decrease in insolvencies may not be indicative of a better future.
“The rate of corporate insolvencies has decreased significantly compared to the same period last year,” said Trevor Hursthouse, an insolvency specialist. “However, this does not necessarily mean that we are out of the woods yet.”
Hursthouse added that while the drop in insolvencies is “encouraging”, there are still “many businesses that are struggling and uncertain about their future”.
“The long-term economic outlook is still uncertain, and businesses need to be prepared for the future,” he said. “It is important for businesses to be aware of their financial situation and to take steps to ensure their long-term sustainability.”
The rate of corporate insolvencies dropped by 15 per cent in April, suggesting an improvement in business confidence. However, experts have cautioned that this decrease may not be indicative of a better future, with many businesses still facing financial uncertainty. They urged businesses to remain aware of their financial situation and to take steps to ensure their long-term sustainability.
