The number of business insolvencies in the UK fell by almost a fifth last month compared to a year ago, new figures have revealed. Information services company Experian said 1,635 businesses failed last month, 17% fewer than the 1,976 insolvencies recorded in October 2009. Max Firth, a spokesman for Experian, said: "It is encouraging that the business population in general is faring better in terms of insolvencies than this time last year, despite mid-market failures increasing in October." Every region saw falls in insolvency rates, with Scotland regaining its position as having the lowest rate of insolvencies.