Member Login  |   Join Us  |  Resources  |  FAQs  |  News  |  Events  |  Contact Us  


  Search for a Solicitor Advocate

 contact@solicitoradvocates.org

Follow us   

 

General

Insolvencies stay low in April 05/06/2013 The positive trend in the business insolvency rate continued in April, according to the latest Business Insolvency Index from Experian.

Insolvencies stay low in April

The positive trend in the business insolvency rate continued in April, according to the latest Business Insolvency Index from Experian. This reveals that business insolvency rate has stayed at 0.08% for a whole quarter now - the first time since 2007.

Businesses in Scotland have the lowest rate of insolvency, says Experian. The insolvency rate north of the border has remained at an all-time low rate of 0.03% for five months in succession.

“We’ve seen that the insolvency rate has been decreasing for some time, but the fact that it is staying low is encouraging news,” said Max Firth, Managing Director, Experian Business Information Services, UK&I. “It’s particularly pleasing to see that companies at both ends of the supply chain are improving all the time.”

According to the report, the insolvency rate of companies with 1-2 employees remained low at 0.06% – the same rate seen in March this year and April of 2012. In addition, the UK’s largest companies (those with 501+ employees) saw a below average rate of insolvencies at 0.06%, falling from 0.12% last month and from the 0.08% recorded in April 2012.
 

Find a Solicitor Advocate
Looking for a solicitor advocate to
represent you or your client?
Learn more
 
 

Sitemap  |  Privacy and legal  |  Accessibility  |  Cookies Policy  |  Terms and Conditions  |  Scam Alert

© Copyright 2012 The Society of Solicitor Advocates

Website by Red Towers (Scotland) Limited