Insurance insolvencies tumble
The latest BusinessIQ Insolvency Index has revealed a dramatic drop in insurance related insolvencies, with eight businesses failing in October 2012, a 68% fall on the same month in 2011.
According to the research from Experian, the month also saw an 8.7% fall in the number of business insolvencies across the UK to 1,685 during October.
The figures meant that 0.08% of the business population stopped trading in October this year compared to 0.10% in the same month last year.
The greatest improvement in the average rate of insolvencies was seen by firms with 101 to 500 employees as their insolvency rate fell from 0.21% in October 2011 to 0.15%.
The only year-on-year increase in the
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