Report shows fall in Manx companies 'winding up'

Wed, 15 Apr 2015

Mark Holligon

A report shows there's been a fall in companies 'winding-up' on the Isle of Man - as confidence in offshore business is on the rise.

That's the positive outlook from Appleby LLC partner Mark Holligon - who says it's as a result of an improvement in worldwide economies.

It shows insolvency filings and court orders in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Mauritius have also become few and far between as investor confidence in the offshore world returns.

Dropping to just seven petition filings on Island in 2014 - Mr Holligon explains what the data means: