Insolvency rate for UK business hovering at 0.08%
The latest Insolvency Index from Experian has revealed an overall improvement in insolvency rates since early 2009.
September saw a slight annual decrease from 0.09% to 0.08%, but the figure was higher than the 0.07% rate in August 2010.
The information services company found that that the North East saw the greatest increase - from 0.06% in August up to 0.15% in September.
It added that Yorkshire was the only region to see an improvement between August and September. The insolvency rate for the East Midlands, West Midlands and Eastern England remained static, but the remaining regions all saw an increase.
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