CheckRate - Know the Score

Friday 20 July 2012

UK Company Insolvency Rates Fall Slightly in June


The number of U.K. companies becoming insolvent fell slightly in June, a report from one of the Worlds Largest Credit Reference Agency showed on Tuesday.
The report also showed that more than 1,000 companies still run out of money each month, whilst the UK still struggles to pull out of the double dip recession.
1,650 companies of all sizes fell into insolvency in June.  This was down from a figure of 1,841 in May and 1,783 for the month of June in 2011.
June's insolvency tally is equivalent to a loss of 0.08% of the entire U.K. company population. 
______________________________________________________
Are you protecting yourself against the losses that these insolvent companies potentially leave behind?
If you're not please email: mike@checkrate.com