Member Article

R3 responds to February 2023 insolvency statistics

Corporate insolvencies increased by 6% in February 2023 to a total of 1,783 compared to Januarys total of 1,682, and increased by 17.5% compared to February 2022s figure of 1,518.

o Corporate insolvencies also increased by 160.3% from February 2021s total of 685 and by 32.6% from February 2020s total of 1,345.

Personal insolvencies increased by 5.9% in February 2023 to a total of 8,210 compared to Januarys total of 7,750, and decreased by 16.5% compared to February 2022s figure of 9,838.

o Personal insolvencies also increased by 20% from February 2021s total of 6,839 and decreased by 4.4% from February 2020s total of 8,590.

Eleanor Temple, chair of the insolvency and res…

Read the full article at: https://bdaily.co.uk/articles/2023/03/14/r3-responds-to-february-2023-insolvency-statistics