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Christmas Trading Concerns After Sharp Month-On-Month Increase In Corporate Insolvencies

Its impossible to say whether the Christmas trading period will provide a badly needed boost for struggling North East firms or whether itll be the final blow for their finances.

Thats the view of the North East chair of insolvency and restructuring trade body R3, Chris Ferguson, after the latest Insolvency Service statistics revealed a month-on-month increase of more than 17 per cent, from 1,969 cases in September to 2,315 cases last month.

The October figure was almost two-thirds higher than the number of cases in the same month last year (1,410), and when compared to the equivalent month in the last pre-pandemic year, the latest mon…

Read the full article at: https://bdaily.co.uk/articles/2023/11/29/christmas-trading-concerns-after-sharp-month-on-month-increase-in-corporate-insolvencies