Small firms doing worse than big biz

Guy Clapperton
Woolworths
Woolworths

PA

The latest figures on insolvencies will be no comfort to anybody but small firms in particular appear to be suffering in this economy. Although credit specialist Experian confirms that the insolvency rate has dropped to 0.08%, the lowest since February, this is an increase on August's 0.07% and smaller business in particular is suffering.