An unexpected year-on-year dip in the number of corporate insolvencies in England and Wales does not reflect current tough trading conditions, with figures still soaring above pre-pandemic levels.
This is according to the Midlands branch of the UK’s insolvency and restructuring trade body R3 and comes on the back of figures published this week by the Insolvency Service which show that seasonally adjusted corporate insolvencies decreased by 5.1% against 2023’s annual figures, falling to 23,872 from 25,163, but increased by 7.9% on 2022’s figure of 22,129.
Corporate insolvencies numbered 1,838 in December, which is 6% lower than the 1,962 in November and 14% lower than the 2,139 in December 2023. These figures, however, remain…
