Northern businesses suffer higher insolvency rates
The north to south divide is widening when it comes to business failure, according to Experian’s latest insolvency index.
The figures revealed that insolvency rates decreased in London and the South East of England between October and November, while company failures increased in the North East, North West and Yorkshire.
In November, the insolvency rate in the North West was 0.14%, double that of the rate recorded (0.07%) in the South East, South West and Greater London.
There was a small month-on-month improvement in the rate of business insolvencies across the country, from 0.1% in October to 0.09% in November.
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