Business insolvency rate falls again
Business insolvencies in February 2011 fell by 12.5% to 1,605 compared to the same month in 2010 when 1,834 failed in the UK.
The latest Insolvency Index from Experian put the overall rate of insolvencies at 0.08%.
The information services company also found that the overall financial strength score of UK businesses, which predicts the likelihood of a business failing in the next 12 months, with 100 being the least likely to default and 1 being the most likely, continued to improve. The measure increased from 81.18 in February 2010 to 81.60 in February this year.
Max Firth, managing director of pH, said: "The period of
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