Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on the 2020 corporate and personal insolvency statistics for England and Wales:
Corporate insolvencies
- There were 12,557 underlying corporate insolvencies in 2020 a fall of 27.1% from 2019s figure of 17,224.
- Underlying corporate insolvency numbers increased by 16.9% between Q3 and Q4 2020.
The annual reduction in corporate insolvency levels to the lowest total figure for more than a decade has been driven by a decrease in all types of company insolvency. The most significant factors behind it are the support measures the Government has introduced for busines…
Read the full article at: https://www.businessupnorth.co.uk/annual-insolvency-statistics-r3-response/