Company insolvency figures fall

Press Association
Closing down sale
Closing down sale

The number of companies going bust fell last month despite the UK's longest double-dip recession since the 1950s, according to a report.

Insolvencies dropped by 9.5% year-on-year in July, with 1,776 companies failing against 1,962 companies a year earlier, according to the latest Business Insolvency Index from Experian.