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Europe Intelligence Wire

| September 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

Failure to fall

The number of private companies that failed during Q2 2004 fell by more than 12% compared with the previous year, according to Experian. A total of 4,118 companies failed during the last quarter, but administration orders jumped by 132% to 393 during the quarter from 169 a year ago.

Incomplete deals

Nearly all (95%) of midmarket deals fail to deliver their pre-deal expectations, according to Grant Thornton Corporate Finance. In more than 75% of cases, only 29% of VCs involved in midmarket deals have met their pre-completion expectations. Some 45% of respondents say their deals fail to meet expectations between 50% and 75% of the time.

www.grant-thornton.co.uk

Flexible trend

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