the Business Forum and
the Economic Partnership
in Brighton & Hove
Homepage    BCRP Intranet    Funding    Events    Partners     Knowledgebase    Links    About us     Contact us
Key projects
Crime
reduction
 


Licensee
Forum
 

Workforce development 

Transport
 

Business &
climate
change

Property &
Development sites

Business
Improvement
Districts

Housing
 

Strategy
 

Consultation opportunities
 

Shopping & Eating Out
Guide

 

Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
Email: info@brighton
business.co.uk

© Brighton & Hove
Business Forum

News - 26 October 2006

Business failure rate slows

For the first time in two years, business failures are in decline according to the latest figures from Experian, the global information solutions company. But it may be too early for optimism.

Business failures in the UK fell by 4.1% to 4,611 in the third quarter of 2006, compared to the same period in 2005, bringing the total for the year so far to 14,216. But figures for the year as a whole are still down.

Richard Lloyd, Managing Director of Experian’s Business Information division, commented, “The improvement in failure rates is well and truly welcomed and it provides an indication that things are picking up. However, when you look at the bigger picture, it is not as clear-cut. During the year to date, there has actually been an overall increase in business failure of 4.4% during the first nine months of the year compared to the same period in 2005.

“This illustrates that a very mixed picture is emerging and until the end of the year, we won’t know for certain which way the business failure pendulum will swing.

“The UK suffered its biggest increase in business failures since 1999 during the first quarter of 2006. The slowdown in the rate of business failure began during the second quarter and has continued with the latest quarter showing an overall fall of 4.1%. At the same time, we are also seeing an improvement in the time it takes businesses, especially large businesses, to pay their bills.

“Whilst the message about the importance of businesses checking the creditworthiness of their customers and potential prospects is getting through, you can’t disguise the fact that looking at 2006 so far, business failures are still on the increase. As a result, businesses cannot afford to be complacent and must ensure that they protect their business and their employees from the threat of insolvency.”


Read related items on:
Insolvency
Experian
Lloyd, Richard


Browse our business Knowledgebase or search by keyword


Headlines

3 September 2010
Double dip recession watch: house prices fall for second month
3 September 2010
Whitehall gives localities freedom to scrap or create local byelaws 3 September 2010
Brighton & Hove throws its hat in the ring with West Sussex to form a Local Enterprise Partnership [LEP] 3 September 2010
Alcohol sales decline markedly 2 September 2010
City College seeks successful ex-students for new Gold Award 1 September 2010
Wired Sussex joins Onedigital alliance 1 September 2010
New halls of residence for Brighton University 30 August 2010
Double dip recession watch: GDP growth stronger than expected 27 August 2010
Is your bank treating you fairly? 27 August 2010
New figures show carrier bag use is down 26 August 2010
Bank Holiday Monday demonstrations: statement from Sussex Police 26 August 2010
Astoria Cinema redevelopment plans 25 August 2010
Summer visitor boost for Brighton & Hove 24 August 2010
Disability employment workshop 24 August 2010
Pubs and bars must offer drink in smaller glasses 23 August 2010
Affordable housing scheme in Brighton granted planning permission after 5 Years 20 August 2010
Big issue made simple 20 August 2010
A Council the City Deserves - Phase 2 Consultation 20 August 2010
Mural - a legacy to great partnership working 20 August 2010
Government publishes business growth strategy 19 August 2010
Double dip recession watch: July retail sales surprisingly strong. 19 August 2010
PM pledges to support UK tourism in all its guises 17 August 2010
Only 40 new homes predicted for the city in 2010 16 August 2010
Brighton no longer UK's most cost-effective student city 13 August 2010
Prime Minister backs cheap alcohol ban; Alcohol Concern suggests 150% price increase; Brighton opts for "Save Dave" campaign 13 August 2010
Government scraps the national Place Survey. That's a pity. 13 August 2010
Credit card fraud - a minefield for the uninitiated 13 August 2010
Retail sales up but non-food is struggling 12 August 2010
Construction firms urged to take on apprentices 12 August 2010
New City Employment & Skills Plan to be produced 12 August 2010
CEO leaves the Theatre Royal 12 August 2010
Double dip recession watch: Markets take fright over economic data 12 August 2010
Shoreham Harbour eco-town plan gets a reprieve 11 August 2010
Top Five Stories in July 2010 11 August 2010
What is the value of the night-time economy? 11 August 2010
Brighton & Hove gets younger, Sussex gets older 10 August 2010
Do you have a site that you want to develop for housing? 10 August 2010
Could New Homes Bonus pay for the Brighton Centre? 10 August 2010
New network launched in Brighton 10 August 2010
LEP advice from CLES