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3 February 2012 Hotels, bars and restaurants and retail and wholesale sectors suffer biggest company insolvency increases
Hotels, bars and restaurants and the retail and wholesale sectors have seen the highest increases in the number of company insolvencies in 2011 compared with 2010. Last year, 1,216 hotels, bars and restaurants became insolvent, a substantial 14.4% increase on the previous year whereas retail and wholesale, where 2,308 businesses capitulated, saw an increase of over 9%. Overall, the sector suffering the highest number of corporate casualties in 2011 was real estate (5,654) but its year-on-year increase was more moderate at 6%. The findings are part of the latest set of figures for England and Wales published today by the Insolvency Service and analysed* by Freshfields Bruckhaus Deringer’s restructuring and insolvency practice. View

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Freshfields advised Vita Group on the sale of its subsidiary ELIAN to the U.S. group A. Schulman View

Hotels, bars and restaurants and retail and wholesale sectors suffer biggest company insolvency increases View

Briefings

Global antitrust in 2012: 10 key themes  View

Insurance and reinsurance news: January 2012  View