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

Talking collaboration at Summer EVCOM
Summer EVCOM carried on the Summer Eventia legacy and brought the events and visual community together for a series of incisive sessions with leading... ...read more
Smart turns to Etherlive for wireless Evolution in Battersea
The Smart Group, which manages events space Battersea Evolution, has announced that it is partnering with event technology provider Etherlive to deliver wireless... ...read more
Money worries key concern for PCOs, says ABPCO research
In a poll conducted among members of The Association of British Professional Conference Organisers (ABPCO), 39 per cent of respondents said that either market conditions... ...read more
Celtic Manor appoints design team for Wales ICC project
The Celtic Manor Resort has announced the appointment of Scott Brownrigg as the international design practice contractor for the planned International Convention Centre,... ...read more
GES acquires Blitz Communications
Global Experience Specialists (GES) has acquired international AV specialist Blitz Communications in a move that represents expansion into the live events, conference and... ...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 | Directory | Subscribe | Print Magazines | Contact Us
© 2008 - 2014 Mash Media Group