Corporate insolvencies in December continued to rise, with an increase of two per cent compared to December 2023.
However, the increase was significantly lower than last Decembers year-on-year increase of 32 per cent, according to figures published this week by the Insolvency Service.
This takes the number of corporate insolvencies in the month of December to 79 per cent higher than pre-pandemic levels in 2019.
Personal insolvencies in December showed the largest year-on-year increase since the pandemic, decreasing by 20 per cent compared to December 2022.
Tim Sloggett, South West Chair of R3, the UKs insolvency and restructuring trade body, said: Whilst there appear to be some positive underlying trends with the rate of the increase …
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