(Bloomberg) — England and Wales recorded fewer insolvencies in April than a year earlier, indicating the number of failing businesses may be starting to stabilize. A total of 1,685 firms went bust last month, a drop of 15% compared with April 2022, according to the Governments Insolvency Service. But that followed a 16% surge in March to 2,471, the highest number since monthly data began in 2019, as businesses were squeezed by the cost-of-living crisis. While Aprils figure is lower than a year ago, when businesses were reeling from the withdrawal of Covid support, it is still higher than pre-pandemic levels. And there were 183 compulsory liquidations, those initiated by creditors and ordered by a court, nearly twice the number of a yea… Read the full article at: https://www.bnnbloomberg.ca/uk-insolvencies-fall-in-brief-respite-for-struggling-firms-1.1920793 Category: BankruptcyBy Insolvency Advisory AccountantsMay 16, 2023Post navigationPreviousPrevious post:UK Insolvencies Fall in Brief Respite for Struggling Firms – Financial PostNextNext post:Best Debt Relief Programs To Help You Get Out Of Debt – ABC Action News Tampa BayRelated PostsInsurance unicorn Wefox warns investors of insolvency risk – Sky NewsMay 16, 2024Celebrity Big Brother winner makes TV comeback after drug battle and bankruptcy – Metro.co.ukMay 16, 2024Chilean court declares Nova Austral bankrupt – SeafoodSourceMay 16, 2024Esprit Enters Second Bankruptcy Proceeding in Four Years – Sourcing JournalMay 15, 2024British electric truck manufacturer Tevva is insolvent – www.electrive.comMay 15, 2024Judge says litigation over Michael O'Flynn PIA objection was 'combative' – BreakingNews.ieMay 15, 2024
Celebrity Big Brother winner makes TV comeback after drug battle and bankruptcy – Metro.co.ukMay 16, 2024
Judge says litigation over Michael O'Flynn PIA objection was 'combative' – BreakingNews.ieMay 15, 2024