Umbrella company contractors might be interested to learn that despite the continuing economic turmoil at home and abroad this year, experts predict that more than 470,000 new businesses will have been created before the end of 2011.
Data from Equifax shows an increase in the number of companies going bust in the second quarter of this year.
Umbrella contractors may be relieved to learn that government data shows there has been a decrease in corporate insolvencies this year.
The latest statistics from the government show that UK bankruptcies have fallen significantly over the last 12 months.
The chances of companies collapsing are increasing by the month, according to a new study from RSM Tenon.
Umbrella company contractors have put in claims for around half a million pounds worth of unpaid invoices following the collapse of Albany at the beginning of 2010.
Nearly 150,000 small businesses in the UK are facing fears that they may become insolvent if they cannot maintain their contracts with the public sector.
New data collected by a recruitment financer has revealed that the most deleterious effects of the global economic downturn are still to come for small and medium sized businesses.
