The number of company insolvencies in England Wales have soared 40% in May 2023 compared to May 2022, with 2,552 companies failing last month. This was driven by a 38% increase in Creditors’ Voluntary Liquidations (CVLs), with 2,181 companies winding up due to not being able to pay their creditors outstanding balances. In Scotland company …
The swathes of companies going bust in the UK show no signs of slowing down as company insolvencies increase 16% in England & Wales and 21% higher in Scotland. March corporate insolvency figures shows 2,457 businesses entered liquidation or administration in England & Wales. This is 16% higher compared to last year and even higher …
More Companies Continue To Fail Due To Insolvency Read More »
The head of the International Monetary Fund has warned of the threat to the global economy after a swathe of banks recently collapsed. The world economy has faced extreme pressure over the past three years with the effects of the Covid-19 pandemic still lingering, the war in Ukraine still sending a ripple effect across global …
2023 Banking Crisis Threatens Global Financial Stability Read More »
The huge swathe of corporate insolvencies we seen throughout 2022 are continuing to wreak havoc for businesses across the UK. The Office for National Statistics (ONS) have just released the monthly insolvency statistics for December 2022 and they make for some stark reading, with the number of corporate insolvencies recorded for the month across England, …
