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Christmas Fails To Sparkle With Latest Corporate Insolvency Rate Rise

North East business owners Christmas wish for a festive trading boost appear to have been left unfulfilled after the latest official insolvency figures showed a continuing rise in the number of corporate insolvencies across England and Wales.

Thats the view of Chris Ferguson, North East chair of insolvency and restructuring trade body R3, who was speaking after the latest Insolvency Service statistics revealed a six per cent month-on-month increase from the 1,682 cases of corporate insolvency registered across the two countries in January up to the 1,783 cases lodged last month.

The February figure is also a substantial 160.3% higher than the number for …

Read the full article at: https://bdaily.co.uk/articles/2023/03/28/christmas-fails-to-sparkle-with-latest-corporate-insolvency-rate-rise