Statistics show that there has been an 18.7% year on year fall for compulsory liquidations from the second quarter of 2012 compared with the same period last year.
The figures are supported with the coming of the Olympics that has had a positive impact on many UK businesses recently.
Against these figures there was also a rise in company voluntary arrangements (CVA's) within the same period which is a positive sign for UK limited companies as this is a solution to help businesses trade on.
There was a slight increase in creditors' voluntary liquidations within this period of around 0.4% against the previous year.
A representative from R3 the Association of Business Recovery Professionals has said that although the retail sector appears to be having its own challenges at the moment, corporate insolvency on the whole is actually down so its a positive outlook for the time-being.
