Mon, 24 Sep 2012

During August 1,723 companies went into insolvency – at 0.09% of the UK’s business population, this is the same rate as in July, and only marginally higher than the 0.08% of August 2011, according to data from information services firm Experian.

Notable reductions were seen in mid-sized companies, with firms with 11-25 and 26-50 employees respectively seeing their rates drop to 0.15% and 0.08%, having both stood at 0.21% in August last year.

Scotland and Yorkshire had the lowest rates nationally, while by sectors, leisure & hotels had the most significant drop in its rate, while banking & finance saw the largest jump, although at 0.12% is still below last August’s 0.13% level.