The surge in corporate insolvencies, reaching their peak in over three years, can be attributed to the escalating occurrence of Creditors’ Voluntary Liquidations, which have also hit a three-year record.
- Corporate insolvencies increased by 37.7% in March 2023 to a total of 2,457 compared to February’s total of 1,784, and increased by 15.9% compared to March 2022’s figure of 2,120.
- Corporate insolvencies increased by 145.9% from March 2021’s total of 999 and by 99.3% from March 2020’s total of 1,233.
- Corporate insolvencies also increased by 55.4% compared to pre-pandemic levels in March 2019 (1,581).
- Personal insolvencies increased by 38.9% in March 2023 to a total of 11,438 compared to February’s total of 8,237, and decreased by 1…
Read the full article at: https://businessnewswales.com/corporate-insolvencies-rise-37-7-in-march/