Fears of insolvency are receding among UK firms despite recent data showing liquidations hit a four-year high in May.
According to new research from Evelyn Partners, 32 per cent of UK businesses believe there is a risk they will become insolvent in the next 12 months, down significantly on the 47 per cent of firms that thought there was a risk of default back in September.
Although this was still a high proportion, it was down significantly on the 47 per cent of firms that thought there was a risk of default back in September.
The rosier outlook comes even as insolvencies reached a four-year high just weeks ago.