FEWER Yorkshire firms are failing than a year ago, according to latest insolvency figures.
A survey by business information group Experian showed there were 171 insolvencies in the region last month against 230 for March, 2009. The latest figure represents 0.15% of the region’s total number of firms.
The insolvency rate for March last year was 0.17%.
Nationally, there were 2,160 insolvencies last month, representing 0.11% of the total business “population”.
That compares with 2,512 a year earlier when failed firms represented 0.13% of all UK businesses.
Sectors worst hit last month were business services with 488 companies going bust – down by one on the 2009 figure –, building and construction with 377 casualties against 398 last time and 143 firms lost compared with 185 before.