Reuters. FILE PHOTO: People walk across London Bridge during the morning rush hour, with London’s financial district in the background, in London, Britain, April 13, 2023. REUTERS/Henry NichollsLONDON (Reuters) – More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data on Tuesday that showed a 16% increase on a year ago.
The Insolvency Service Agency reported 2,457 corporate insolvencies last month, up from 1,784 in February.
The rate of companies falling into insolvency fell sharply with the onset of the COVID-19 pandemic, thanks to government support programmes and lockdowns slowing the progress of courts handling insolvency cases….
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