Recent data released by Business Credit specialists Dun & Bradstreet has revealed that the amount of Companies entering liquidation has risen steeply for the years second quarter compared with statistics for 2017.
Dun & Bradstreet’s UK Q2 Industry Report analysed data from April to June and showed that the Retail and Construction sectors are at the most risk of liquidation with increasing insolvency figures. Retail especially is highlighted as having major problems with a massive 36.7% increase in insolvency compared with Q2 of 2017.
Markus Kuger, Senior Economist at Dun & Bradstreet said “With uncertainty rising over the next months, ahead of the final stages of the Brexit negotiations, we expect retail sales growth to remain modest in the quarters ahead as consumer spending continues to be restrained.”
He continued “A slowdown in sales growth means that the number of liquidations could rise in the coming quarters. Indeed, the uncertainty surrounding the retail sales outlook remains high. However, the still-low unemployment rate will continue to provide a boost to domestic sales volumes.”