Thu, 11 Nov 2010 | BUSINESS NEWS
Some of the UK's largest corporate lenders - including RBS and Barclays - are expecting a rise in the number of small company insolvencies, signalling an opportunity for savvy investors.
According to insolvency practitioners, corporate failures are expected to rise next year to 27,500, compared to last year's 26,400.
Kevin Booth, UK Head of Business Support at Barclays Corporate, said that 'smaller companies generally find it harder to adjust. They usually have less scope to downsize.”
Business owners looking to make acquisitions could take advantage of next year's rising corporate insolvencies to add to their portfolio or grow their business without a huge outlay.
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