Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said:
“The number of corporate insolvencies fell in June, reaching their lowest level for this month since 2022. The yearly decline has been driven by a drop in the number of Creditors’ Voluntary Liquidations (CVLs) and Administrations, alongside a slight fall in Company Voluntary Arrangements (CVAs). Whilst a single month of data does not indicate a long-term trend, it may signal that some directors are holding back from taking formal action…