The rise comes amid ongoing economic uncertainty that continues to affect businesses and households across England and Wales.
Corporate insolvencies climbed by 1.4 per cent to 2,081 cases in July, up from 2,053 in June and broadly in line with last July’s figure of 2,078, according to new data from the Insolvency Service.
Kelly Jordan, North East chair of R3, the UK’s restructuring and insolvency trade body, said: “Corporate insolvencies across England and Wales remained broadly stable last month, with the trends showing a rise in compulsory liquidations and a slight uptick in administrations, while creditors’ voluntary liquidations and company voluntary arrangements fell.
“This pattern may suggest that fewer…