Midlands administrations fall by 45 per cent in 2010

The total number of Midlands companies falling into administration in 2010 declined by 45 per cent from 577 in 2009 to 316, according to research by business advisory firm Deloitte.

During the last quarter of 2010, 71 administrations were recorded in the region, compared to 68 during the previous quarter. However, this compares favourably to the 109 administrations in Q4 2009.