Member Article

Highest Corporate Insolvency Figures In Over Four Years Shows ‘Economic Turmoil Taking A Real Toll’

The impact of the economic turmoil of the last few years has been laid bare by the highest monthly number of corporate insolvencies for England and Wales since the beginning of 2019

Thats the view of the North East chair of insolvency and restructuring trade body R3, Chris Ferguson, after the latest Insolvency Service statistics revealed a month-on-month increase of more than 50 per cent, from 1,688 cases in April up to 2,552 cases last month and the increases on the same months in previous years are even more stark.

Corporate insolvencies were up by 151.9% on the May 2021 figure (1,013) and by 170.3% from May 2020s total…

Read the full article at: https://bdaily.co.uk/articles/2023/06/27/highest-corporate-insolvency-figures-in-over-four-years-shows-economic-turmoil-taking-a-real-toll