(Adds reaction, graphics)
By Andy Bruce
LONDON, April 30 (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.
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 insolvent firm decide to close their company.
Britain had been due to leave the European Union on March 29 without a transition dea…
Read the full article at: https://www.reuters.com/article/britain-economy-bankruptcy/update-1-uk-company-insolvencies-rise-in-q1-insolvency-service-idUSL5N22C4B2
