Member Article

R3 responds to Q3 2023 insolvency statistics

There were 6,208 seasonally adjusted corporate insolvencies in Q3 2023, a fall of 1.8% compared to Q2 2023s figures of 6,319 and a 10.2% increase compared to Q3 2022 (5,635).

Q3 2023s figures were also 54.8% higher than Q3 2021s figure of 4,010 and 41.3% higher than pre-pandemic levels in 2019 (4,393).

There were 24,418 seasonally adjusted personal insolvencies in Q3 2023, a fall of 5.9% compared to Q2 2023s figures of 25,957 and a 15.4% decrease compared to Q3 2022 (28,878).

Q3 2023s figures were also 12.6% lower than Q3 2021s figure of 27,923 and 23.8% lower than pre-pandemic levels in 2019 (32,025).

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

Read the full article at: https://www.bdaily.co.uk/articles/2023/11/03/r3-responds-to-q3-2023-insolvency-statistics