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

New £333m AECC given the go-ahead by Aberdeen council
Aberdeen council has approved the latest plans for a new £333m Aberdeen Exhibition and Conference Centre (AECC).... ...read more
Inntel’s Green journey wins official backing
A travel firm has underlined its commitment to Green... ...read more
Maritz brings drp into its global meetings network
Maritz Travel Company, which consists of Maritz Travel Meetings & Incentives and Experient has selected Worcestershire-based drp as a new partner for the UK in its global... ...read more
New ESSA chairman and vice-chair take their seats
Perton Signs’ director Andrew Kennedy has stepped up from vice-chair role at the Event Supplier and Services Association (ESSA) to replace GES executive chairman... ...read more
Record rebook and 22% rise in visitors for Event Production Show
The 2015 Event Production Show has reported a record exhibitor re-book and visitor numbers 22 per cent higher than in... ...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