PwC says business failure rate ticking higher – Business Plus
The direct economic impact of business failure will be significantly higher in 2023 compared to 2022 levels, PwC is predicting in its Q1 2023 Insolvency Barometer. PwC research estimates that there was 1.8bn of debt owing from businesses that failed in 2022 with the average debt per SME (excluding the larger companies) being c.2m. On…