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LATEST NEWS & EVENTS Small business insolvency rate improves, but property sector still suffering  Insolvency lawyers in the UK may be having more success with cases, as figures suggest that the failure rate among small businesses is improving. Just 1,808 UK companies became insolvent in April, which is equivalent to 0.10 per cent of the active business community, according to the Experian Insolvency Index. This is 0.55 per cent fewer than in the same month last year, reflecting a faster rate of decline across most business segments. However, failures were more pronounced in some areas than others. The report indicates that 184 firms failed in the property sector, which represents a higher proportion across that industry than the average across all business areas. Business failures were also more prominent in the east, south-east and north-east of England, increasing by between 13 and 26 per cent. Experian UK & Ireland managing director of business information services Max Firth suggested that businesses seek to "understand the level of risk associated with their commercial partners". This is particularly important for firms that are considering extending credit or relying on other businesses for goods. However, while insolvency lawyers may have been less active, research by KPMG suggests that there has been an increase in the number of financial disputes. Posted by Paul Stevens 
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 |
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