Experian reports rise in business insolvencies
The latest Insolvency Index from information services company Experian has revealed that the rate of business insolvencies in the UK rose to 0.114% in March.
Scotland was the only region to see a fall in its insolvency rate - from 0.09% in February to 0.08% in March - which also meant the region had the lowest level of insolvencies.
According to Experian, the year-on-year picture is a significant improvement on March 2009, when the rate of insolvencies had peaked at 0.13%.
Rolf Hickmann, managing director of pH, an Experian company, said: "Unlike the last recession, when business insolvencies were more than double the rates witnessed during this
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