No rise in number of IT firms going bust, says BDO Stoy Hayward

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No rise in number of IT firms going bust, says BDO Stoy Hayward

Antony Savvas

Accountant and business adviser BDO Stoy Hayward says there will be little change in the number of technology business failures in 2008 and 2009, despite the economic downturn.

According to its latest IndustryWatch research, the number of business failures for the technology, media and telecoms sector in 2008 is expected to remain flat at 1,414.

BDO says there will be a less than 1% rise in failures to 1,428 in 2009, with the number falling to 1,356 in 2010.





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