2011 insolvency rate up slightly on 2010

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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

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