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| UK Businesses Predict Growth In Company Failures More than half of UK mid market businesses expect company insolvencies to rise over the next 12 months, according to research just published by PricewaterhouseCoopers Business Recovery Services. Manufacturers in particular are gloomy about their sector prospects, with three quarters predicting a growth in business failures in the next year. Less than one in seven businesses believe that insolvencies will actually fall in the next year. The analysis of business attitudes conducted by the Business Recovery practice at PricewaterhouseCoopers also revealed that complying with regulation is regarded as the number one threat to the financial stability of British business. Three out of ten businesses see regulation as being a major financial risk followed closely by consumer confidence levels. Surprisingly, given the level of company pension deficits, less than five per cent of UK businesses regard the cost of meeting pension obligations as a major threat. The amount of corporate debt is also seen as a significant problem for the financial health of UK plc. Nearly one in five companies regard their current debt levels as the biggest threat to their survival. Construction companies are particularly concerned about the extent of corporate gearing with four out of ten citing it as the biggest threat to their stability. write your comments about the article :: © 2005 Construction News :: home page |