By David Milliken
LONDON (Reuters) – Company insolvencies in England and Wales look on track to hit a 30-year-high in the final three months of 2023 despite a sharp drop in December, official figures suggested on Tuesday.
The government’s Insolvency Service said 2,002 companies were declared insolvent last month, 2% more than a year earlier and the smallest monthly increase since July.
The figure – which is not seasonally adjusted – was down sharply from November’s reading of 2,470, which was the second-highest since monthly records began in January 2019.
Seasonally adjusted quarterly data will be published on Jan. 30. But on a non-seasonally adjusted basis, nearly 6,800 companies were declared insolvent in the three months to the end…
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