Corporate administrations in England and Wales have soared this quarter, jumping 22% since Q4 2010, statistics published today by the Insolvency Service reveal.
Highlighting this worrying trend has been the recent, high profile administration of DIY giants, Focus DIY, which recently colllapsed. The business is now being administered by Earnst & Young and it is expected that up to 4,000 could be lost.
Highlighting this worrying trend has been the recent, high profile administration of DIY giants, Focus DIY, which recently colllapsed. The business is now being administered by Earnst & Young and it is expected that up to 4,000 could be lost.
