UK business insolvencies have fallen to lowest rate since June 2007
The latest Insolvency Index from Experian has revealed a positive picture in January, with the rate of business failures falling to its lowest point since June 2007.
According to the global information services provider, the rate of insolvencies fell to 0.07% (seven in every 10,000) in January 2010. This compares to an insolvency rate of 0.09% in January 2009 and 0.11% in December 2009.
The company added that businesses across the UK saw an 8% improvement in their combined financial strength score from 79.46 in January 2009 to 81.16 January 2010.
Rolf Hickmann, managing director of pH, an Experian company, said: "It's encouraging to discover that not since
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