The number of UK firms going bankrupt in August was the lowest number since last September when the collapse of Wall Street bank Lehman Brothers sent shockwaves across markets and economies around the world, a survey shows.
Business information firm Experian's new monthly Insolvency and Distress index reveals the number of business insolvencies last month was up 11.3% to 1,796, compared to August last year - the lowest rate in 13 months. The data, which also measures the likelihood of business failures in the near future, also revealed a modest improvement in the financial health of UK businesses. The index shows an average distress score of 80.79 in August, up from 80.61 in July. Key findings: Company bankruptcies in the North East was up 92.7%, Business failures in Wales dropped 31.7% Fi...
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