Insolvency rate falls to three year low
The latest Insolvency Index from information services company Experian, has revealed that the rate of insolvencies dropped to 0.07% in August, the lowest point since June 2007.
Max Firth, managing principal of pH, an Experian company, commented: "This month's picture is very different to the one we saw back in March this year when all regions, bar one, saw an increase in insolvencies and the rate was almost double at 0.11%."
"August's figures also show an easing off of the North South divide we saw in June, with the North East going from the region with the highest insolvency rate to one of the seven regions that shared the lowest insolvency rate of 0.06%."
He
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