Lamport Bassitt Solicitors - Legal News - Insolvency figures show north/south divide


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Insolvency figures show north/south divide A north/south divide is starting to emerge when it comes to business insolvencies in the UK, latest statistics have shown. Results from the Experian Insolvency Index in November reveal that although the overall insolvency rate is declining, firms in the north of England are still bearing the brunt of the economic climate. In November 2010, it revealed that 0.07 per cent of firms in the UK were declared insolvent, falling from 0.09 per cent during the same month of 2009. Max Firth, managing principal of pH, a part of Experian, said that activity over the last five months paints a more positive picture than that seen last year. The figures showed that companies in Scotland, the north-east, north-west and Yorkshire are the most likely to enter into corporate insolvency in the UK. A recent study from insolvency trade body R3 found that 44 per cent of companies believe their banks had been supportive in the three months leading up to September. 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