Insolvency rate improves for SMEs

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The report revealed that 1,808 UK companies, 0.1% of the active business community, became insolvent in April 2011. The figure was down marginally on the same period in 2010 when 1,818 businesses failed.

However failures fell at a faster rate across the majority of the smaller business segments measured by Experian. Businesses with three to five staff saw 17% fewer failures while those with 26 to 50 employees suffered 24.6% fewer closures.

The news was less positive for medium sized firms -

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