Company insolvencies are rising across the UK (Dominic Lipinski/PA)
(Picture: PA Archive)Businesses need to prepare to “batten down the hatches” in the autumn as the number of insolvencies has jumped by almost half in just the first six months of the year while companies face the worst economic crisis seen in decades.
This morning threw up an immediate example of the insolvencies crisis facing global markets as London-based Russia focused gold mining firm Petropavlovsk filed for administration as it revealed it was unable to repay a $200 million (£169 million) loan.
