The number of companies filing for administration across the South West has jumped by 10% year-on-year, according to a report by Interpath Advisory.
Analysis of notices in The Gazette by Interpath Advisory revealed that 55 companies based in the South West fell into administration in the first six months of 2023. This was up from 50 companies in the first six months of the previous year.
The financial advisory firm said that this was “further evidence” that UK insolvency activity is back to pre-pandemic levels following lows in 2020 and 2021. It speculated that was as a result of cost inflation and rising interest rates.
Interpath found that across the UK a total of 315 companies fell into administration in the second quarter of 2023, up…
Read the full article at: https://www.business-live.co.uk/enterprise/corporate-insolvencies-across-south-west-27383341