The number of failed firms continues to drop

The number of business insolvencies in the UK fell by almost 9% in October 2012 compared with a year earlier, according to research by Experian. The biggest improvement was in medium-sized firms, where insolvency rates fell from 0.21% to 0.15% over the same period. Max Firth, managing director of Experian, said “insolvencies are indeed stabilising, but the increase during October in large business failures highlights the need for ongoing monitoring of all clients and suppliers, regardless of size.”

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