Print insolvencies decline in 2010

The total number of firms going bust in the print, paper and packaging industry dropped 24.6% to 52 last year, according to new figures released by Experian.

In 2010, 1.71% of companies in the print, paper and packaging industry failed, down from 2.69% in the previous year.

Overall, the number of UK companies going bust declined 18% to 19,946 last year, recording the first drop in two years.

Max Firth, Experian's managing director, said that last year was "a period of relative stability for business insolvencies".

Mr Firth said: "Insolvency trends in 2010 included a North-South divide, with firms in the south of England faring better, as well as a reversal of fortunes for the largest companies.

"Taken as a whole, those with more than 500 employees were not as resilient as they were in 2009."

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