Jo Francis at Printweek reports...
You can read the full article here:
Posted by Justin Hobson 10.10.2022
Showing posts with label ONS. Show all posts
Showing posts with label ONS. Show all posts
Monday, 10 October 2022
Print companies insolvencies on the increase...
This report has appeared in Printweek today:
"The latest information on company insolvencies in England and Wales from the Office of National Statistics (ONS) showed that, during a time of persistently high energy prices, more than one in ten businesses overall reported a “moderate-to-severe risk of insolvency” in August.
The number of insolvencies has been on the rise since last year. During 2020 and in Q1 2021 many firms that would otherwise have failed were kept afloat by government support measures such as the furlough scheme.
In Q2 2022 the total number of insolvent companies was 5,629, the highest level since Q3 2009.
The category of ‘printing and reproduction of recorded media, accounted for around 10% of insolvencies in the manufacturing industry in H1. In Q2 49 printing firms went bust, the highest level since Q3 2013."
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