Insolvencies surged in November, confirming that 2023 is set to be the worst year for corporate collapses since 2009, according to the latest data from the UK Insolvency Service today.
The number of insolvencies in November was 2,466, a 21 per cent increase from the same month in the previous year.
The increase in insolvencies a number that is also higher than pre-pandemic levels was mostly driven by 1,962 creditors voluntary liquidations and 359 compulsory liquidations.
Nicky Fisher, president of R3, the UKs insolvency and restructuring trade body, said todays figures bring t…
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