Between April and June this year, 11,015 businesses collapsed, compared with 10,803 in the first three months of 2002.
But there were significant regional variations in the UK, with London showing a 14% increase between this first half of this year and last year, while the North East rate fell by 2% over the same period.
Fish plc, the seafood restaurant chain, has gone into administration after a period of rapid expansion.
Administrators from RSM Robson Rhodes said that the AIM-listed company’s problems had been compounded by falling customer numbers in the wake of last September’s terrorist attacks, especially in London.
The administrators said they would keep the majority of the restaurants open while a buyer was sought for the company.
Former employees of the Bank of Credit & Commerce International (BCCI) have reached a settlement with the bank’s liquidator, Deloitte & Touche, paving the way for the release of $700m for creditors. The agreement will settle litigation stemming from the bank’s collapse in 1991 – employees had claimed they were entitled to damages.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children