However, not all of the news is good. While larger businesses have generally fared well this year, mid-sized companies (those between 51-100 staff) were the only businesses to see an annual increase in shutdowns, with the insolvency rate leaping to 0.24% of the business population – up from 0.19% in 2009.
In addition, London is the region with the lowest financial strength score (79.8 compared to the average of 81.0% nationally), while only 10 out of 35 industry sectors measured showed an improvement in their financial strength scores.
Max Firth, managing principal of PH, an Experian company, said: "It is encouraging that businesses in general are faring better than this time last year. But it remains important for organisations to ensure they understand and manage the risks in today’s marketplace."
