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Administrations up 18 per cent

The number of firms in financial trouble rose by 18 per cent in the first half of the year, compared to the first half of 2008, as the financial crisis presented an increasingly hostile environment for business. Research from Deloitte shows more firms collapsed but the rate of collapse is slowing, with the number of administrations rising by just two per cent in the first half compared with the second half of 2008. And, between April and June administrations fell by 21 per cent suggesting a “plateau” of administrations.