Q2 2011 administrations at the lowest level since before the financial crisis

Administration appointments in England are at their lowest level since Q4 2007, well before the current financial crisis, according to Baker Tilly Restructuring and Recovery LLP.

There were 553 administrations from 1 April to 30 June 2011 which is a 14% decline on the first three months of 2011 (643) and fall of 13% against Q2 2010.

The figures, compiled from advertised administration appointments in The London Gazette, show a decline across all regions in England except for the North East which has seen a modest increase.

Are we seeing the light at the end of the tunnel as far as administrations are concerned?