Businesses are being “battered from all sides”, said Garry Lee, the chair of R3’s Southern and Thames Valley region, following the publication of last month’s personal and corporate insolvency statistics for England and Wales.
Figures from the Insolvency Service showed that corporate insolvencies increased by 17.6% in October this year to 2,315 compared to September’s 1,969. They were also up 18.5% compared to October, 2022.
In addition, personal insolvencies increased by 35.7% in October compared to September this year but decreased by 6.1% compared to October 2022’s figure.
READ MORE: No time for complacency says UK insolvency and restructuring trade body R3
R3 is the trade association for the UKs insolvency, restructuring, advisor…
Read the full article at: https://thebusinessmagazine.co.uk/companies/company-insolvencies-could-continue-to-rise-after-christmas-says-r3s-southern-and-thames-valley-chair/