Member Article

R3 responds to September 2023 insolvency statistics

Corporate insolvencies decreased by 15.2% in September 2023 to a total of 1,967 compared to Augusts total of 2,319, but when compared to September 2022s figure of 1,688 they increased by 16.5%.

Corporate insolvencies increased by 35.4% from September 2021s total of 1,453 and by 112% from September 2020s total of 928, and also increased by 30.4% compared to pre-pandemic levels in September 2019 (1,509).

Personal insolvencies decreased by 15% in September 2023 to a total of 7,271 compared to Augusts total of 8,553, and decreased by 27.5% compared to September 2022s figure of 10,024. Personal insolvencies decreased by 27% from September 2021s total of 9,967 and decreased …

Read the full article at: https://bdaily.co.uk/articles/2023/10/16/r3-responds-to-september-2023-insolvency-statistics