Print sector insolvency rate static

Business insolvency rates in the print and paper market remained stable over August, compared with the same period last year, statistics show.

During the month, insolvency specialist Experian saw 3,088 print, paper and packaging firms listed on Companies House. This is more than 2,481 recorded in August 2009.

The figures indicated that in August 2009 and August 2010, insolvencies in the print, paper and packaging sector remained static at six.

The report highlighted the fact that insolvencies for August 2010 were 0.19%, while for August 2009 they were 0.24%.

During August, the market's financial strength score also declined. It pegged at 78.64, compared with 79.42 last year.

But the sector performed well in Experian's late payment data. It emerged as the eleventh fastest paying industry in August in a list of 35 sectors.

A spokeswoman said the result has "dropped off, it is pretty significant". She added: "While the sector is still late, it has done well - eleventh out of 35 industries is pretty good."

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