LONDON (Reuters) – Company insolvencies in England and Wales fell sharply in March and recorded their lowest calendar-quarter total since the third quarter of 2022, official figures showed on Friday.
The Insolvency Service, a government agency, said 1,815 companies were declared insolvent in March on a seasonally adjusted basis, down from 2,177 in February and also 17% lower than in March 2023.
In the three months to the end of March, 5,759 companies were insolvent – 2% fewer than in the same period of 2023.
Personal insolvencies in England and Wales were down 9% on the year in March and were 19% lower than in February at 8,708, the Insolvency Service said.
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British businesses have been under pressure from big rises in …
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