The number of company insolvencies across Staffordshire over the past four years has jumped by more than two thirds.
Figures released through the BBC Shared Data Unit reveal that across the county, 209 companies were liquidated in 2022 compared with 124 in 2019 an increase of just under 69%.
The national picture saw eight out of ten local authority areas see a rise compared to the last year before the Covid pandemic.
The withdrawal of government support and soaring energy costs have been blamed for the rise.
The data is based on creditors voluntary liquidation insolvencies listed in The Gazette, where company owners have taken the step rather than waiting for it to be wound up.
The figures for Staffordshire show that an initial decli…
Read the full article at: https://lichfieldlive.co.uk/2023/06/13/figures-reveal-company-insolvencies-in-staffordshire-have-jumped-by-more-than-two-thirds-since-before-the-covid-pandemic/