Insolvencies in England and Wales soared further in the second quarter of the year, reaching the highest level since 2009.
In total, 6,342 companies were declared insolvent. That was up 9% from Q1, which was also much higher than normal.
Most insolvencies were creditors voluntary liquidations, but the biggest jump was in compulsory liquidations.
The figures look slightly less bad when the increase in the number of companies formed since 2009 is accounted for. But even then, the portion of companies declared insolvent was the highest since 2014, representing more than one in…
Read the full article at: https://au.lifestyle.yahoo.com/company-insolvencies-hit-highest-level-114616980.html