A recent survey by PricewaterhouseCoopers found that the number of companies entering insolvency in late summer last year was lower in the northeast of England than anywhere else in the country. It also showed that a greater reduction in the number of insolvencies had taken place in the northeast than elsewhere.
Nearly a third of all insolvencies are now taking place in London and the southeast. However, nationally, there were 12.5% fewer insolvencies in the third quarter of 2003 compared with the previous year.
