Report shows insolvency rate falling
The rate of business insolvencies in May fell to its lowest point since January 2010, according to the latest Insolvency Index from Experian.
The analysis revealed an 18.0% fall in the total number of business insolvencies during May compared to April, bringing the rate of insolvencies down to 0.08%. The rate is an improvement on the 0.10% recorded in May 2009.
Experian's average financial strength score of all UK businesses was up year-on-year, from 79.98 during May 2009 to 80.70 in May 2010, but down slightly on the 80.76 recorded in April 2010.
Rolf Hickmann, managing director of pH, an Experian company, said: "The fall in the
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