Member Article

Corporate Insolvencies Fall Not A Sign Of Improving Economic Conditions – R3

A sharp drop in the number of corporate insolvencies across England and Wales last month doesnt mean that things are going to get easier for North East businesses any time soon.

Thats the view of the North East chair of insolvency and restructuring trade body R3, Chris Ferguson, after the latest Insolvency Service statistics revealed a month-on-month fall of more than 15 per cent, from 2,319 cases in August down to 1,967 cases last month.

But despite this, the September figure is still 16.5% higher than the number of cases in the same month last year (1,688), 35.4% higher than September 2021s total (1,543) and 112% greater than the figure in Septe…

Read the full article at: https://bdaily.co.uk/articles/2023/10/27/corporate-insolvencies-fall-not-a-sign-of-improving-economic-conditions-r3