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Insolvency statistics from the first quarter of the year have raised concerns that larger companies could begin to be impacted by high levels of distress among small businesses. These concerns come as new figures show that insolvencies remained close to a 13-year high in Q1 2023.
During the first quarter of the year, 5,747 companies were declared insolvent in England and Wales. The figure was 18 per cent higher than the same period a year earlier and close to the 5,969 insolvencies recorded in Q4 2022, the highest figure since …
Read the full article at: https://www.business-sale.com/insights/for-buyers/fears-that-insolvencies-could-spread-to-bigger-companies-224340