More than half of UK mid market businesses expect company insolvencies to rise over the next year, according to research published this week by PricewaterhouseCoopers.
Manufacturers are especially gloomy about their sector prospects, with three quarters predicting a rise in business failures in the next 12 months.
The survey of business attitudes, conducted by the Business Recovery practice at PwC, also showed that complying with regulation is regarded as the number one threat to the financial stability of British business, followed closely by consumer confidence levels. The amount of corporate debt is also seen as a significant problem. Nearly one in five companies see their current debt levels as the biggest threat to their survival.
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