Member Article

R3 responds to March 2023 insolvency statistics

Corporate insolvencies increased by 37.7% in March 2023 to a total of 2,457 compared to Februarys total of 1,784, and increased by 15.9% compared to March 2022s figure of 2,120.

o Corporate insolvencies increased by 145.9% from March 2021s total of 999 and by 99.3% from March 2020s total of 1,233.

o Corporate insolvencies also increased by 55.4% compared to pre-pandemic levels in March 2019 (1,581).

Personal insolvencies increased by 38.9% in March 2023 to a total of 11,438 compared to Februarys total of 8,237, and decreased by 1% compared to March 2022s figure of 11,554.

o Personal insolvencies increased by 4.4% from March 2021s total of 10,954 and increased by 46% from Ma…

Read the full article at: https://bdaily.co.uk/articles/2023/04/18/r3-responds-to-march-2023-insolvency-statistics