Fall in firms going under

The number of companies going into administration in 2010 fell 35 per cent from 3,188 in 2009 to 2,086, according to research by the business advisory firm Deloitte.

The property and construction sector bore the brunt of the economic downturn in 2010, with 453 companies going insolvent but this is a fall of 34 per cent from 2009.