Decline in rate of insolvencies

The rate of business insolvencies fell last month to its lowest point since January 2010, according to Experian.
By The Newsroom
Published 21st Jun 2010, 10:39 BST
Updated 21st Jun 2010, 10:39 BST

The latest analysis also reveals an 18 per cent fall in the total number of business insolvencies during May compared to April, bringing the rate of insolvencies down to 0.08 per cent from 0.10 per cent in April.

It also marks an improvement compared to May 2009 when the rate was 0.10 per cent.

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Experian said: "The fall in the number of insolvencies is a good sign and shows that businesses are distinctly aware of the current environment and are taking vital steps to protect themselves from risks."