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The number of UK companies going bust increased last month, official data shows, as experts warned that more businesses face a “perilous financial position” as they remain weighed down by debts.
Official data from the Insolvency Service showed that the number of registered company insolvencies in England Wales totalled 1,966 in November.
This was 13% higher than the 1,743 reported in October, with nearly all types of company insolvency increasing.
This included an 8% month-on-month increase in the number of creditors’ voluntary liquidations (CVLs), at…
