UK business insolvencies down 15% in April
Mixed picture across country but optimisim for smaller businesses.
The latest Insolvency Index from Experian, the global information services company, has revealed a year-on-year fall in business insolvencies during April in the UK.
The total number of insolvencies fell by 15.1% during April compared to the same month last year - from 2,274 in April 2009 to 1, 818 in April 2010. As a result, this brought the year-on-year insolvency rate down from 0.11% to 0.10% in April.
The overall financial strength score of UK businesses also improved, from 80.02 in April
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