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Monday, 21 June 2010

Business insolvencies fall to lowest levels since January

Yet more evidence of the HMRC bail out, very low interest rates and the banks' support of struggling companies is found by today's statistics which show that the number of companies entering insolvency in May 2010 fell to the lowest level since January 2010.

The numbers, according to the latest Insolvency Index from information services company Experian reveal an 18% fall in the total number of business insolvencies during May compared to April, bringing the rate of insolvencies down to 0.08% from 0.10% in April.

Medium-sized businesses of 51 to 100 employees saw the rate of insolvencies fall from 0.24 per cent in April 2010 and 0.23% in May 2009, to 0.13% in May 2010 – the lowest point since September 2007.

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