Belfast Telegraph

Number of UK insolvencies falls

Britain's economic recovery offered some much-needed respite for firms this year after the corporate bloodbath seen in 2009.

The number of firms going under in 2010 has been a fraction of the level seen last year, when company failures soared to a 16-year high. And as the wider recovery has taken hold, the most recent insolvency figures showed liquidations at their lowest level since the second quarter of 2008. Company administrations fell by 35% year-on-year across England and Wales in the third quarter.