LONDON (Reuters) – The number of companies falling into financial distress in England and Wales rose in early 2019, adding to signs that businesses struggled in the run-up to the original March Brexit deadline, official data showed on Tuesday.
FILE PHOTO: A woman walks past closing down posters in the window of a branch of the House of Fraser department store in Manchester, Britain, November 20, 2018. REUTERS/Phil Noble
There were 4,187 company insolvencies in the first quarter, up from 3,938 in the fourth quarter, the Insolvency Service said, citing seasonally adjusted data excluding bulk closures of companies set up by individuals for their personal affairs.
Most of these were creditors voluntary liquidations, when shareholders of an in…
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