The figure for company insolvencies is 0.5% lower than the previous quarter.
The DTI added that 1.2% of active companies became insolvent in the twelve months ended Q4 1999, the same as in the previous quarter and in the corresponding quarter in 1998.
It added that there were 7,351 individual insolvencies in England and Wales in the fourth quarter of 1999 on a seasonally adjusted basis.
This was a decrease of 0.6% on the previous quarter and an increase of 11.5% on the same period a year ago.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.