Company insolvencies in England and Wales jumped by 27 per cent in the year to June amid rising borrowing rates and broader economic weakness.
Some 2,163 companies were declared insolvent in June, which is up from 1,698 at the same time last year, fresh data from the Insolvency Service published by the Government on Tuesday shows..
Insolvencies have skyrocketed among businesses since the removal of pandemic support measures and are now higher than pre-Covid levels.
Around 2,163 companies were declared insolvent in June, which is up from 1,698 according to data from the Insolvency Service
There were also 260 compulsory liquidations in the year to June, which is a 77 per cent increase from the previous year.
The report explained th…
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