2011 insolvency rate up slightly on 2010

A closed sign

Experian’s Insolvency Index has revealed the insolvency rate for 2011 was 1.1%, a slight increase compared to the rate for 2010, 1.03%.

This represents a total of 21,070 businesses failing in 2011, and 19,818 failing in 2010.

SMEs continued to have the lowest rates of insolvency, however this sector also had the biggest increase in insolvency between 2010 and 2011, as companies with only one or two employees saw the rate jump from 0.63% to 0.71%.

Yorkshire was the only region of the UK to see an improvement in insolvency rates, from 1.46% in 2010 to 1.39% in 2011.

This is the second consecutive year that insolvency rates have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: