Lamport Bassitt Solicitors - Legal News - Administration rate continues to fall


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Administration rate continues to fall The rate of administrations among UK businesses in the first nine months of the year are down 36 per cent in comparison with the same period in 2009, signalling that less business workers are threatened by redundancy. Also, the current figure of 1,648 administrations is 20 per cent less than the amount in 2006 before the recession began, according to research by business advisory firm Deloitte. Lee Manning, reorganisation services partner at Deloitte, said: "For the first time since the financial crisis began, we're beginning to see a consistent drop in the numbers of companies hitting the wall." Last month, it was announced that 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 by Experian. Experian's new Insolvency Index for August indicated that the rate of businesses going under dropped to 0.07 per cent during the month, which is its lowest point since June 2007. Posted by Gaby Hamerton 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