Lamport Bassitt Solicitors - Legal News - Business insolvencies 'fall'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Business insolvencies 'fall' The number of firms that have fallen into insolvency has declined, new figures suggest. According to Experian, corporate failures totalled 1,818 last month, which is down from the 2,274 recorded in April last year. The firm noted that this is a decrease of just over 15 per cent. Responding to the statistics, Rolf Hickmann, managing director of pH, an Experian company, said: "It continues to be vital for businesses to understand the circumstances of those they are doing business with and the risks they could expose their company to." He added that it is easier for the smallest enterprises to make adjustments to their operations when times prove to be challenging. Also, very large firms have flexibility due to the economies of scale they can achieve, Mr Hickmann noted. It is therefore medium-sized companies that are most at risk during tough times, he claimed. Analysts are currently divided as to whether the UK is emerging from recession or whether it is set to undergo a second downturn when state funding reduces. Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News