Member Article

R3 responds to Q2 2023 insolvency statistics

There were 6,342 seasonally adjusted corporate insolvencies in Q2 2023 a 8.9% rise compared to Q1 2023s total of 5,824.

o Corporate insolvency levels for Q2 2023 were 13.1% higher than Q2 2022s figure of 5,606, 105.8% higher than Q2 2021s total of 3,082, and 44.7% higher than Q2 2019s total of 4,382.

There were 26,390 seasonally adjusted personal insolvencies in Q2 2023 a 7.9% decrease compared to Q1 2023s total of 28,644.

o Personal insolvency levels for Q2 2023 were 11.5% lower than Q2 2022s figures of 29,819, 3.1% lower than Q2 2021s total of 27,237, and 12.1% lower than Q2 2019s total of 30,013.

Eleanor Temple, chair of the UKs insolvency and restructuring trade body R3 …

Read the full article at: https://bdaily.co.uk/articles/2023/07/28/r3-responds-to-q2-2023-insolvency-statistics