The number of companies going bust this year is on track to be the highest since the depths of the financial crisis in 2009.
Insolvencies rose 10% from a year ago in the three months to the end of September, the latest official figures for England and Wales show.
There has also been a sharp rise in the number of firms at risk of going bust.
Firms in “critical financial distress” jumped 25% in the last three months, insolvency expert Begbies Traynor says.
They are defined as having county court judgments exceeding 5,000 against them – often a precursor to going under.
Dean Euden, a wine merchant from Cardiff, has already wound up his business. “I thought Covid would be the toughest time but actually th…
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