Corporate insolvency levels rose 73.3% from pre-pandemic levels last month, while personal insolvency levels rose 22.4% during the same period, according to new statistics from the Insolvency Service.
Corporate insolvencies increased by 18.5% in February 2024 to a total of 2,102 compared to January’s total of 1,774 and increased by 16.7% compared to February 2023’s figure of 1,801.
Increasing by 38.5% from February 2022’s total of 1,518, corporate insolvencies also increased by 73.3% when compared to pre-pandemic levels in February 2019 (1,213).
Also on the rise, personal insolvencies increased by 25.1% in February 2024 to a total of 10,136 compared to January’s total of 8,103 and increased by 23% compared to February 2023’s figure…
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