Business failure levels still a cause for concern

Business failures are down for the first time in two years, according to new figures.

Experian, the global information solutions company, found that failures in the UK have fallen by just over 4% to 4,611 in the third quarter of 2006, compared to the same period in 2005, bringing the total for the year so far to 14,216.

However, there has also been an overall increase in business failure of over 4% during the first nine months of the year, compared to the same period in 2005.

Richard Lloyd