Business insolvency rate stabilises in UK
The latest Insolvency Index from Experian has revealed that mid-sized and large businesses performed better in June this year than in 2010.
Businesses employing 51-100 employees saw failure rates drop from 0.23% in June 2010 to 0.19% last month.
The rate of failure amongst firms with 101-500 employees more than halved year-on-year, falling from 0.17% to 0.08% of the population this June.
According to the research, the East Midlands was the most improved region in June 2011, with the rate dropping from 0.11% in June 2010 to 0.09%. The South West had the lowest rate of failures, with just 0.07% of the business population becoming
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