The latest figures show 2,022 corporate insolvencies in March 2026, a 6.7 per cent rise from February and 1.4 per cent higher than March 2025.
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Chris Tate, partner at Hampshire-based firm Azets, said: “The monthly and yearly rise in corporate insolvencies is mainly due to an increase in administrations, which the Insolvency Service states is largely the result of 100 connected companies entering an administration.
“However, this doesn’t hide the fact that the trading climate remains tough, creditors remain very willing to turn to the courts to secure payment of debts, and an increasing number of directors are seeking advice about their finances as they…