Corporate insolvencies in December continued to rise, with an increase of 2% compared to December 2023. However, this increase was significantly lower than last Decembers year-on-year increase of 32%, according to figures published this week by the Insolvency Service.
This takes the number of corporate insolvencies in the month of December to 79% higher than pre-pandemic levels in 2019.
Personal insolvencies in December showed the largest year-on-year increase since the pandemic, decreasing by 20% compared to December 2022.
Tim Sloggett, Wales Chair of R3, the UKs insolvency and restructuring trade body, comments on the publication of the December 2023 corporate and personal insolvency statistics for England and Wales:
Whilst there app…
Read the full article at: https://businessnewswales.com/december-sees-marginal-rise-in-corporate-insolvencies/