According to a recent study conducted by Helix Law, a firm of litigation specialists based in the South of England, business insolvencies surged across the UK in 2024, with thousands of companies pushed into collapse by rising costs, stubborn inflation and tighter borrowing conditions.
While all regions in the country have undoubtedly been feeling the pressure, new research shows that there are, in fact, clear geographical differences in how businesses are coping. Indeed, some areas are proving particularly vulnerable, with survival rates plummeting and insolvencies accelerating at an alarming rate.
The findings of this report reveal not only where businesses are failing but also why certain parts of the UK are bearing the brunt, and…