Company insolvency test is yet to come, says Eversheds’ Simon Waller
Simon Waller, head of the finance and restructuring group at Eversheds, has commented on news from the Insolvency Service that company liquidations in England and Wales decreased in April and June 2014.
Waller said: ‘It is not surprising to see these statistics. A continued low-interest-rate environment, combined with support from lenders, has meant that the incidence of corporate insolvencies has been falling for a while now.
‘The test, however, is yet to come with rate rises, combined with companies typically overtrading as the economy enters sustained growth, meaning we are likely to see a reversal of this trend in the medium term.’
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