THE FLOODGATES have opened for business insolvencies.
Thats the warning from R3, the insolvency and restructuring trade body for Dorset, as it is revealed corporate insolvencies hit a four-year-high in May.
Garry Lee, chair of insolvency and restructuring trade body R3s Southern and Thames Valley region, including Dorset, said: The floodgates appear to have opened as three years of economic turmoil takes its toll on businesses.
The corporate insolvency figures are the highest weve seen since January 2019 as the fallout from battling the effects of the pandemic, coupled with rising costs, …
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