Breaking News-(BN) KPMG Says 5,000 U.K. Companies May File for Bankruptcy in 2009

By Poppy Trowbridge
Feb. 5 (Bloomberg) -- As many as 5,000 U.K. companies may file for bankruptcy this year as the economy worsens, according to a report by accounting and insolvency firm KPMG.
The number of firms that enter administration or receivership may jump 55 percent from 3,225 in 2008, KPMG said in a statement.
Consumer goods companies will suffer more than other industries as buyer confidence remains “at a low ebb.” Retail insolvency appointments soared in January, rising fourfold compared with the same period in 2008.