According to a recent report circulated by KPMG, the number of Administrations in the UK has grown in the 6 months post the vote to leave the EU. The first six months of 2016 had seen a decrease, compared to the same period a year earlier, yet by the end of 2016, total figures reached 1,174, compared to 1,111 in 2015.
Unsurprisingly, construction & manufacturing industries have been the hardest hit, as imported materials have become more expensive with the weak pound, thus squeezing profit margins.
The care home and hotel and leisure sectors also appeared to have suffered.
Source – Recovery News