The company insolvency statistics from January to March 2023 have been released, between 1 January and 31 March 2023 (Q1 2023), there were 5,747 (seasonally adjusted) registered company insolvencies. Industry experts give their views and thoughts below:
Ian Hepworth, director of Croydon-based Funding Solutions UK: IThough insolvencies in the first quarter were down slightly on the fourth quarter of 2022, they are still far higher than the same period last year, and remain close to the highest level seen during the dark days of 2009 and the Global Financial Crisis. This reflects the fact that macroeconomic headwinds continue to bite. The withdrawal of government support from businesses, higher interest rates, stubbornly high inflation, wa…
Read the full article at: https://ifamagazine.com/article/company-insolvencies-down-slightly-in-q1-23/