Graydon predicts fall in insolvencies

Company failure rates during the first three months of 2012 were nearly 20 percent lower than the same time period two years ago (2010) according to the latest Graydon UK Insolvency Predictor.

Based on data published by Graydon UK, the number of corporate insolvencies during the first quarter of 2012 were also 22.8 percent down on the same period three years ago (2009).

The numbers of insolvencies in the first quarter of this year (2012) were 3.7 percent lower than the same period last year (2011). Furthermore, company failures in the first quarter this year are down by nearly five percent (4.4 per cent) compared with the last three months of December 2011. This suggests that company liquidations will continue to decrease this quarter.