Experian reports fall in insolvencies
Credit watcher Experian has said that the rate of insolvencies fell from 0.11% in December 2012 to 0.07% in January this year – the same rate as in January 2011.
The fall in the UK's insolvency rate was led by businesses with 101 to 500 employees. Failure rates among these mid-sized businesses fell from 0.21% in December to 0.10% in January.
Experian's
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