There were 2,163 registered company insolvencies in June 2023, according to the latest figures from the Insolvency Service.
While this was fewer than the 2,552 recorded in May, it shows a 27 per cent rise year on year, with 1,688 registered in June 2022.
Figures from June 2023 included 260 compulsory liquidations 77 per cent higher than in June 2022 and 1,759 Creditors Voluntary Liquidations (CVLs), which was 21 per cent higher than last June. The number of administrations and Company Voluntary Arrangements (CVAs) was also higher than in June 2022.
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While many factors causing the rise in company insolvencies are beyond your control including the lingering impact of the Covid-19 pandemic and econom…
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