Summary
Fewer businesses are set to go bust this year than during 2003 as the UK economic recovery gathers pace, a report claims this week. Business advice group BDO Stoy Hayward said an average of 310 firms were set to collapse each week in 2004 - compared with 340 over the previous 12 months.
This resilience was due to robust demand from overseas and the consumer spending boom, but BDO said the economic cycle may be peaking and a 'bumpy ride' lay ahead for UK firms.See the full content of this document
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Failures Fall to 310 a Week
The group predicted that a total of 15,984 firms wil...
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