The number of companies that entered insolvency rose 10 per cent in 2018, the highest level since 2014, according to official insolvency statistics.
Data, published by the UK government today (January 29), revealed 16,090 companies entered insolvency in 2018 and 3,949 of those took place in the fourth quarter of 2018.
When compared with figures for the third quarter of the year, insolvencies rose by 9.3 per cent in the final three months of 2018.
The construction industry was the worst affected, with 2,954 company insolvencies for2018.
Financial and insurance sectors, however, had less than 500 insolvencies during 2018.
Brian Johnson, business recovery and insolvency partner at H W Fisher & Company, said: “The reality of Brexit, and the econo…
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