Insolvency data is always closely analysed as a barometer of the commercial health of the nation. The figures for April show that after seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,177, 18% higher than in the previous month.
However, it is the length of time taken to complete the process that has attracted the attention of Lord Sikka, professor of accounting at the University of Sheffield and emeritus professor of accounting at the University of Essex.
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