Corporate insolvencies continue to rise year-on-year according to insolvency and restructuring trade body R3 in the South West.
Although the figures show a slight fall between June and July 2021, it was the third consecutive month in which year-on-year corporate insolvency levels have risen.
R3 said the month-on-month fall in corporate insolvencies was a result of a drop in compulsory liquidations, creditors voluntary liquidations (CVL), administrations and company voluntary arrangements (CVA). However, the year-on-year rise continues to reflect the effect the Covid pandemic has had on the business community.
The statistics for July 2021 from the Insolvenc…
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