England and Wales company insolvencies fall 15% on year in April – Reuters UK

LONDON, May 16 (Reuters) – Company insolvencies in England and Wales last month were sharply lower than a year earlier after a big rise in March, although they remained higher than before the COVID-19 pandemic, government data showed on Tuesday.

Some 1,685 companies were registered insolvent in April, down 15% from the same month a year earlier and almost a third lower than in March, according to non-seasonally adjusted figures from the British government’s Insolvency Service.

The year-on-year fall was led by a decline in creditors’ voluntary liquidations – the most common type of insolvency – while the number of court-ordered compulsory liquidations was 183 in April, almost double the 94 liquidations a year earlier.

“The business climate…

Read the full article at: https://www.reuters.com/world/uk/england-wales-company-insolvencies-fall-15-year-april-2023-05-16/