Business insolvency falls, says Experian
According to Experian, the smallest businesses have shown the most resilience
The latest Insolvency Index from Experian has revealed that the number of failing businesses has continued to fall and financial strength improved in November.
Experian's financial strength score aims to predict the likelihood of a business failing in the next 12 months, with 100 being the least likely to default and 1 being the most likely. According to Experian, businesses across Great Britain saw an improvement from 79.66 in November 2008 to 81.26 November 2009.
The company added that the
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