Member Article

R3 responds to November 2023 insolvency statistics

Corporate insolvencies increased by 6.4% in November 2023 to a total of 2,466 compared to Octobers total of 2,317, and increased by 21.4% compared to November 2022s figure of 2,032.

o Corporate insolvencies increased by 47.1% from November 2021s total of 1,676 and by 63.9% compared to pre-pandemic levels in November 2019 (1,505).

Personal insolvencies decreased by 16.6% in November 2023 to a total of 8,247 compared to Octobers total of 9,887, and decreased by 21.3% compared to November 2022s figure of 10,478.

o Personal insolvencies decreased by 12.2% from November 2021s total of 9,391 and decreased by 14.1% compared to pre-pandemic levels in November 2019 (9.606).

Elean…

Read the full article at: https://bdaily.co.uk/articles/2023/12/18/r3-responds-to-november-2023-insolvency-statistics