Insolvency index
McTear Williams & Wood launched its quarterly business index in October 2008, which monitors the number of corporate insolvencies in East Anglia.
In good times and bad one of the frustrations facing East Anglia's business managers is a lack of reliable information on the health of the local economy. Most statistics are either national or for the East of England which can bear little resemblance to what is being experienced on the ground at county level.
The index tracks all corporate insolvencies other than court initiated compulsory liquidations. We have done this so the index better represents the health of SME businesses in the local economy. Compulsory liquidations tend to be used to wind up micro businesses, court orders can be made four to six months after the business has ceased trading and they do not arise consistently throughout the year.
