Business insolvencies drop to lowest point since February
The latest Insolvency Index from Experian has revealed that the rate of insolvencies has dropped to its lowest point since February.
Insolvencies dropped to 0.08% in August which is a marginal increase compared to the rate in August last year when 0.07% of the business population became insolvent.
The overall financial strength score of businesses in the UK dropped from 81.06 in August 2010 to 79.18 in August this year. However, large companies saw their financial strength score improve from 81.06 to 85.91.
It was also the largest companies that saw insolvencies drop year on year with the rate dropping from 0.14% to 0.09%
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