Fewer company failures in 2003
28 August 2012
The number of limited company failures recorded last year fell 9.4 per cent compared to 2002 figures, according to business information firm Experian.
More than 17,000 corporate failures were recorded in 2003, some 1,825 less than the total figure for business failures in 2002.
Phil Cotter, Managing Director of the Business Information Division at Experian, said: "The introduction of new insolvency rules during 2003 makes it easier for UK businesses to get out of financial trouble."
These rules mean that...