Report shows UK business insolvencies down 15% year-on-year in February
The latest Insolvency Index from information services company Experian has revealed a year-on-year fall in business insolvencies during February.
The total number of insolvencies fell by 15.1% to 1,834 during February 2010 compared to the same month last year and brings the rate of insolvencies down to 0.10%.
According to the company, while the rate is up on last month's figure of 0.08%, January has in previous years been a quiet month for insolvencies and the figures still follow an overall downward trend.
Experian's overall financial strength score of UK businesses which predicts the likelihood of a business failing in the next 12
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