Insolvencies on the increase, survey shows
The latest Insolvency Index has revealed an increase in the national rate of insolvencies with 0.10% of firms failing in July 2011, up from 0.08% in July 2010.
The research for Experian showed that businesses employing 51-100 people experienced the biggest annual increase in insolvencies, with the proportion of businesses failing growing from 0.15% in July 2010 to 0.22% in July this year.
The information services company said that firms with 11-25 employees saw 0.26% of the population fail in July 2011, the highest percentage of businesses by category.
It added however that the largest companies in the country, those with 501 or more employees
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