When two of the oldest names on the UK high street BHS and Austin Reed collapsed into administration in the space of two days last month, they brought the arcane process of managing insolvent companies into the spotlight.
But despite these high-profile failures, administrators have found themselves dealing with the lowest levels of corporate collapses for seven years.
In total, 3,694 companies in England and Wales became insolvent in the first three months of 2016, according to the Insolvency Service. That was a slight increase on the previous quarter, but fewer than in the same period in 2015 and some 42 per cent down on the first quarter of 2009, when the financial crisis was taking its toll….
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