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LATEST NEWS & EVENTS British business insolvency rate reaches three year low  The insolvency rate among businesses in the UK has plummeted to a three year low, with fewer businesses now succumbing to corporate insolvency, according to a new report. Experian's new Insolvency Index for August indicates that the rate of businesses going under dropped to 0.07 per cent during the month, which is its lowest point since June 2007. Additionally, the average financial strength score for businesses increased from 80.79 in August 2009 to 81.06 in August 2010, with the largest increase coming from the smallest businesses (with one to two employees) - from 81.32 in August 2009 to 82.22 in August 2010. Max Firth, managing principal of pH, an Experian company, said: "This month's picture is very different to the one we saw back in March this year when all regions, bar one, saw an increase in insolvencies and the rate was almost double at 0.11 per cent." This Experian report comes after the company announced a year-on-year fall in business insolvencies during July, with an insolvency rate of 0.08 per cent of the business population in July 2009, compared to 0.12 per cent from the year before. Posted by Gaby Hamerton 
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