Tony Mitchell
Tony's recent articles
- A Year of Celebration
19th January - Bankruptcy Tourism – Another E.U. Headache
20th October - The Third Sector Under Pressure
14th July
Spring is in the Air
21st April 2011 09:32
This being the month of a Royal wedding it seems appropriate to focus on some good news stories and events in the business community and the insolvency and business recovery sector in particular.
The Coventry Inward Investment team are reporting that despite difficult economic times Coventry city centre has been bucking the national trend. Changes in footfall in Coventry have consistently been 2.5 % ahead of the national average over the last 12 months, resulting in over 18 million visitors to the City in the last year.
Despite the negative news that we hear on a daily basis, it seems likely that interest rates will stay at the historic low for some time to come and I am receiving feedback that the Government message is finally getting through to the banks and they are now starting to look at responsible lending opportunities more favourably. We are far from the culture of 2008 and earlier but it is definitely going the right way.
It would appear that the corporate failure rate is also declining with reports that there has been a 16 % drop in the number of liquidations during 2010/11. This report is ahead of the official figures that will be issued by the Insolvency Service on Friday 6 May 2011 but is does support the anecdotal evidence in the market place that Insolvency Practitioners are not as busy as they had expected to be this year.
At Cranfield Business Recovery, we are very busy helping businesses stay in business and we have completed some very successful assignments which unfortunately we cannot publicise because we were able to avoid the businesses entering formal insolvency proceedings and becoming public knowledge.
So my advice is to continue to be positive about your business and take advantage of what feel good factor is available as a result of the Royal wedding and the sunshine and get out and do some profitable business this spring.
