Fewer Are Insolvent in London As Downturn Nears End

Summary

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INSOLVENCIES among London companies dropped by 11% in the final quarter of last year, showing that the capital has weathered the worst of the financial and business downturn, writes Nick Goodway.

This is the largest quarterly drop in London insolvencies for more than a year, according to accountants PricewaterhouseCoopers, which compiled the figures based on the number of administration, administrative receivership and creditors' voluntary liquidation appointments made in London.

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Fewer Are Insolvent in London As Downturn Nears End

A total of 2809 companies based in the capital ent...

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