Tag: collapse

April 14, 2020 admin123@ No comments exist

Collapse Which firms will collapse first?  Zombie enterprises propped up by repeat loans won’t stagger on through the pandemic.  Nor will their main clients & key suppliers.  Despite government rescue packages, it will be corporate undertakers & wind-up merchants who stand & deliver Guessed the Word?               Series 56 (3/8) …

September 4, 2019 admin123@ No comments exist

Insolvent Die hard.  From a decade low in 2015, UK insolvencies have shot up 20%.  Out of 2018’s 17,439 corporate failures, construction was hit hardest with 3,940 insolvencies, despite the demand for new homes. Then admin/support firms (3,346), retail (2,608) & manufacturing (2,092).  Causes include Brexit uncertainty, business rates, pension enrolment & unsecured debt Guessed the…

May 14, 2018 admin123@ No comments exist

Sudden Sudden change in rules/ markets can cause a sudden end.  Unexpected EU ban on shipping rosewood (used in fingerboards) across borders led to sad collapse of USA’s fabled Gibson, founded in Nashville 1902 Guessed the Word?     Series 23 (5/8)     [pic: Gibson Les Paul/ SeanKearns]