Half UK IFA firms to end 2010 'strongly'

Some 511 companies have been identified by researcher Plimsoll as being in a robust financial position despite the difficult trading conditions. These firms will "lead the industry out of recession", it concludes, adding the result proves that "bad companies fail in a recession, good companies do not". On the flipside, almost 300 companies will finish 2010 in financial difficulty, ensuring a "spike of failures" in the New Year, Plimsoll predicts. "Having clung on through the bad times, many of these struggling companies are running out of time and will fail unless a sustained recov...