Last months insolvency figures for England and Wales are out, showing a massive 79 per cent rise compared with pre-pandemic levels at the close of 2019.
Industry trade body R3 identified 25,155 insolvencies across the two nations in December 2023, up from 22,129 in 2022.
Corporate insolvencies showed a seasonal dip of 18.9 per cent from the month before, while personal insolvencies were also down 20.3 per cent between November and December 2023 but both remain much higher than pre-Covid numbers.
Neil Stewart, chair of R3s Southern and Thames Valley region, said: The corporate figures published today are the highest for December in four years and reflect the final month of a difficult year for businesses.
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Read the full article at: https://thebusinessmagazine.co.uk/corporate-finance/december-insolvencies-reveal-tough-trading-conditions-for-south-east-says-r3/