DIY Week.net
Essential reading for retailers and suppliers in the home improvement market
DIY Week Awards 2015
LAST CHANCE to enter...


News

Published on 17 - May - 2010
 
UK business insolvencies drop a further 15% in April
Small businesses showed "great resilience" last month, says Experian, while mid-sized companies fared the worst.

UK business insolvencies drop a further 15% in April

The latest Insolvency Index from Experian has revealed a year-on-year fall in business insolvencies in the UK last month.

The total number of insolvencies fell by 15.1% in April compared with the same month last year - from 2,274 in April 2009 to 1,818 in April 2010.

The overall financial strength score of UK businesses also improved, from 80.02 in April 2009 to 80.76 in April this year.

Mid sized businesses were also found to have suffered the most in April. Companies with 26-50, 51-100 and 101-500 employees experienced the highest rate of insolvencies last month at 0.22%, 0.26% and 0.24% respectively.

Managing director of Experian company, pH, Rolf Hickmann said: "Our analysis shows that it continues to be vital for businesses to understand the circumstances of those they are doing business with and the risks they could expose their company to.

It is easier for the smallest businesses, with just one or two employees, to make adjustments to their operations and pull in the reins when times are challenging. For the largest business, there is the flexibility that comes with the economies of scale, so insolvency rates among these extremes of business type are also low. Mid-sized businesses do not typically have the luxury of either of these benefits and can face the most pressure."


Comment Leave a comment Email Send to a friend   Print Printable version   Print Link to this story

Make a comment?
Your name
Subject

Inform me of responses to this comment

This Is CAPTCHA Image
Enter number above (anti-spam)



DIYWeek.net does not edit comments which are submitted directly by our users to express their own views. Please report abuse of our comment system here.




© Datateam Business Media Limited 2010. DIY Week.net news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.


Click here to receive the diyweek.net weekly newsletter


Datateam Business Media Limited
15A London Road, Maidstone, Kent ME16 8LY. United Kingdom
T: +44 (0)1622 687031
F: +44 (0)1622 687031

Cookies
We use cookies to make this site as useful as possible. They are small text files we put in your browser to track and assist usage of our site but, with the exception of cookies that help you log in, they don't tell us who you are.
You can control cookies in your browser settings. If you use our site it implies that you consent to our cookie usage. To find out more about how we use cookies and how you can control them, click here to see our cookie policy.