Insolvency figures for April have shown a marked increase, says South and Thames Valley region of R3, the trade body for restructuring and insolvency professionals.
New statistics for England and Wales show corporate insolvencies were up almost 20% compared with both March 2024, and with April last year.
Data from The Insolvency Service also showed an increase in personal insolvencies over March by almost 10%, and nearly 5% over last year.
Neil Stewart, chairman of R3s Southern and Thames Valley region, said: The last year and the last quarter have seen corporate insolvency numbers reach a level not seen since the previous recession in 2008-09.
The UKs modest recession during the last two quarters of 2023 was a contributing factor, but i…
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