New figures show that while corporate insolvencies across the UK fell slightly in June, CVL numbers remain higher than they were before the pandemic and reflect ongoing financial pressures.
Chris Tate, a restructuring and insolvency partner at Azets, said: “June’s corporate insolvency figures were dominated by Creditors’ Voluntary Liquidations (CVLs).
“While 50 fewer took place compared to last month and these are usually the most common insolvency process, CVL numbers remain higher than they were before the pandemic as directors lack the confidence and cash to keep their firms open in a trading climate that is dominated by rising costs, shrinking margins, and political and economic uncertainty.”
Chris Tate,…