Business Insolvency Rates

The latest Insolvency Index from Experian, the global information services company, has revealed that the rate of insolvencies dropped to 0.08% in August, its lowest point since February.

While these figures are encouraging it doesn’t necessarily paint the whole picture as a lot of  small to medium sized businesses are still finding trading conditions very tough. With a lot of companies just treading water stagnation in the economy seems to be one of the biggest issues facing UK plc.


Region

Insolvencies
August-11

% change from
August-10

% of business population failing
August-11

% of business population failing
August-10

Financial Strength Score
August-11

Financial Strength Score
August-10

Scotland

 72

51.39

0.09%

0.06%

 80.03

 80.91

North East

 26

65.38

0.11%

0.06%

 80.05

 81.27

North West

 184

2.72

0.10%

0.10%

 78.70

 80.49

Yorkshire

 152

-21.05

0.10%

0.13%

 79.22

 81.14

Wales

 44

4.55

0.08%

0.08%

 79.36

 80.67

West Midlands

 131

25.19

0.11%

0.08%

 78.60

 80.17

East Midlands

 99

-18.18

0.07%

0.09%

 79.93

 81.40

Eastern

 106

22.64

0.07%

0.06%

 80.26

 81.94

South West

 93

0.00

0.06%

0.06%

 81.37

 82.73

Greater London

 287

18.47

0.07%

0.06%

 77.07

 79.88

South East

 197

25.89

0.08%

0.06%

 80.48

 82.22

Grand Total

 1,391

12.37

0.08%

0.07%

 79.18

 81.06

Source: pH, an Experian company

Number of employees

Insolvencies
August-11

% change from
August-10

% of business population failing
August-11

% of business population failing
August-10

Financial Strength Score
August-11

Financial Strength Score
August-10

1-2

 233

22.63

0.05%

0.04%

     76.32

     80.24

3-5

 237

1.72

0.11%

0.10%

     82.36

     82.22

6-10

 230

5.50

0.17%

0.17%

     81.47

     81.84

11-25

 213

3.40

0.21%

0.20%

     81.40

     81.40

26-50

 100

12.36

0.21%

0.19%

     81.30

     81.12

51-100

 44

18.92

0.16%

0.14%

     81.25

     81.05

101-500

 32

10.34

0.12%

0.11%

     81.19

     80.87

501+

 8

-38.46

0.09%

0.14%

     82.43

     82.05

Unspecified

 466

23.94

0.05%

0.04%

     85.91

     84.50

Grand Total

 1,563

12.37

0.08%

0.07%

     79.18

     81.06

Source: pH, an Experian company

Sector

Insolvencies
August-11

% change from
August-10

% of business population failing
August-11

% of business population failing
August-10

Financial Strength Score
August-11

Financial Strength Score
August-10

Extractive Industries                    1

0.07%

0.00%

     80.74

     82.47

Oil                    6

50.00

0.22%

0.14%

     84.55

     85.84

Building & Construction                265

7.29

0.16%

0.15%

     76.66

     77.57

Building Materials                  10

233.33

0.27%

0.08%

     78.93

     79.81

Chemicals Industry                    1

-66.67

0.04%

0.11%

     80.81

     81.85

Diversified Industrials                  45

9.76

0.22%

0.19%

     77.19

     77.94

Electricals                  13

18.18

0.14%

0.12%

     78.73

     79.20

Engineering                  36

-28.00

0.09%

0.12%

     78.89

     79.39

Printing, Paper & Packaging                    5

-16.67

0.15%

0.19%

     78.11

     78.64

Textiles & Clothing                  18

-18.18

0.12%

0.15%

     75.34

     76.51

Breweries                  –

0.00%

0.00%

     76.66

     79.71

Spirits, Wine & Tobacco                  –

0.00%

0.00%

     80.52

     82.33

Food Manufacturing                    9

-25.00

0.14%

0.19%

     77.08

     77.89

Pharmaceuticals                    5

150.00

0.39%

0.16%

     81.92

     81.68

Wholesaling                  64

-9.86

0.10%

0.11%

     78.80

     79.75

Leisure & Hotels                134

27.62

0.15%

0.12%

     77.94

     79.34

Media                  48

2.13

0.08%

0.07%

     79.12

     80.58

Food Retailing                  17

30.77

0.11%

0.08%

     74.22

     75.74

Non-Food Retailing                  84

1.20

0.10%

0.10%

     77.51

     78.84

Servicing / Repair                  13

116.67

0.17%

0.07%

     81.54

     82.12

Transport                  57

9.62

0.11%

0.10%

     77.64

     78.44

Utilities                    4

33.33

0.17%

0.14%

     76.55

     79.62

Postal & Telecommunications                    7

16.67

0.08%

0.07%

     74.83

     76.36

Agriculture, Forestry & Fishing                  10

100.00

0.05%

0.02%

     84.03

     85.04

Banking & Financial Services                  40

-21.57

0.08%

0.10%

     82.65

     83.91

Health & Household                  –

0.00%

0.00%

     78.25

     79.25

Business Services                349

19.11

0.07%

0.05%

     79.14

     81.44

Hiring & Leasing                  11

-8.33

0.08%

0.09%

     80.96

     81.54

Property                  83

6.41

0.06%

0.05%

     80.76

     82.40

Other Services                103

66.13

0.05%

0.03%

     84.16

     85.90

Plastics & Rubber                    8

-52.94

0.12%

0.26%

     77.64

     78.10

Insurance                  13

333.33

0.11%

0.03%

     83.26

     84.13

IT                  48

9.09

0.05%

0.04%

     81.45

     83.54

Motor Traders                  35

34.62

0.10%

0.07%

     79.25

     80.08

Unspecified                  21

61.54

0.02%

0.01%

     68.55

     75.63

Grand total             1,563

12.37

0.08%

0.07%

     79.18

     81.06

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