Latest government figures highlighting a quarterly fall in corporate insolvencies may only be a blip in an underlying upward trend, according to the Midlands branch of insolvency and restructuring trade body R3.
The body is urging business owners not to be lulled into a false sense of security as England and Wales statistics published by the Insolvency Service show that corporate insolvencies fell by 12% in the second quarter of this year (AprilJune) compared to the first quarter (JanuaryMarch).
R3 Midlands points out that corporate insolvency figures are still 12% higher than the same quarter last year, and that company directors still need to remain vigilant to help safeguard their businesses.
R3 Midlands chair Chris Radford said: W…
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