Also visit: mashmedia.net | c-mw.net | exhibitionnews.co.uk | exhibitionworld.co.uk
Search

Medium-sized firms most resilient as UK insolvencies increase

Share
article:
Share on LinkedIn Email Print View
Financial markets Global information services company Experian has revealed that businesses with 51 to 100 employees saw a significant fall in insolvency rates year-on-year, from 0.20 per cent in February 2011 to 0.12 per cent in February this year.

This segment of the business population also saw the biggest year-on-year improvement in their financial strength score.

The figure did not mask, however, the fact that the rate of insolvencies among UK businesses rose from 0.08 per cent in February 2011 to 0.10 per cent during February 2012.

Medium-to-large sized firms (101 to 500 employees) led the way into insolvencies, year-on-year, with a rise from 0.12 per cent in February last year to 0.17 per cent for February 2012.

UK MD for Experian’s Business Information Services division, Max Firth, said: “Although business insolvencies increased slightly in February, our data is showing that UK business balance sheets have been improving gradually since August. Any increase in insolvencies among medium and large businesses highlights a riskier environment, particularly for the smaller firms that supply to them. Our insolvency figures underline the importance for smaller businesses to take as much care as their larger counterparts do when checking the credit worthiness of suppliers and customers before doing businesses with them.”

The pharmaceuticals and buildings industries showed the highest rate of insolvencies, while businesses in Wales fared best in February 2012, according to the new Experian data.

Do you have news for CN? Email: pcolston@mashmedia.net

27 Mar 12

Citroën crowns milestone year
The car that saved a French president’s life was the centrepiece of a groundbreaking dealer... ...read more
Casey back in the business at BI Worldwide
International booking agency and employee engagement specialist BI Worldwide, part of the Schoeneckers group, has appointed ex-EMEA regional director at the Pacific World... ...read more
ICC Birmingham confirms four religious meetings
The International Convention Centre (ICC), Birmingham will welcome four new religious events to the venue this year.... ...read more
Liverpool Convention Bureau appoints ambassadors manager
Having launched Club Liverpool earlier this month, a new brand for the city’s event ambassador programme, Liverpool Convention Bureau has appointed a specialist... ...read more
Travel warning over new counter terror rules
Stringent new travel rules will put pressure on event organisers, an agency boss has... ...read more

News Archive
Partners & Associations
I.C.C.A
Conference Centres of Excellence
Meetings Industry Association
VENUEmasters
International Confex
Conference and Meetings World
Conference News - Online
Conference News Supplement - Online
Mash Media
Home | News | Features | Blogs | Events Diary | Recruitment | Directory | Subscribe | Print Magazines | Contact Us
© 2008 - 2015 Mash Media Group