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Town has highest insolvency rates in the country, figures show

Published: 22 Mar 2012 09:000 comments

NEW research has revealed Slough had the highest insolvency rate in the country last year.

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BBC Local Growth Research, collated and published by global information services group Experian in February, showed 2.6% of firms in the town went out of business.

That amounts to 181 companies going bust from 6,992 in the town.

The research also revealed Slough managed to increase its overall business base by 0.91%, since July 2010, to 7,316 companies in February.

That ranked Slough 30th in the country for growth in the number of businesses.

The data was assembled from Experian's own databases and publicly available sources from ONS - assessing all local authorities in the country.

It also ranked Slough 6th for exporting business and 36th for employment in 'growth' sectors.

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