Could a rise in insolvencies actually be good for business?
Raconteur explores how a recent increase in the number of business failures could just be a reflection of healthy levels of entrepreneurship.
As yet there is little sign of business growth slowing. Indeed the number of UK startups reached a record of 663,272 in 2018, up 5.7 per cent on the previous year, according to the Centre for Entrepreneurs (CFE).
Even though statistics suggest that half to two thirds of startups may fold within three years, CFE director Matt Smith says this confirms “the resilience and confidence of entrepreneurs across the country, and the strengthening of London as Europe’s leading startup hub”.
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