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Insolvencies down

Champagne Explosion

http://www.insolvencynews.com/article/15994/industry/uk-administrations-down-16.4

First nine months of this year. Down 16% year on year and in construction down a significant 30%

It has long been considered a truism that insolvencies gather pace significantly at the end of an economic downturn rather than at the beginning or mid way. Sound logic to that but maybe with the unusual length of this particular difficult time allied to the rightful scrutiny of banks behaviour, then maybe this trend has been bucked. 

Interesting times…

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