Azets, an accountancy and business advisory firm with offices in the town, has responded to the latest UK insolvency statistics for September 2026, which show a 3.6 per cent drop in corporate insolvencies compared to August.
Despite the overall decline, Jonathan Amor, restructuring and insolvency partner at Azets, cautioned that the figures do not signal a broader recovery.
Mr Amor said: “Despite the monthly fall in insolvencies, this September marked the end of a chapter rather than a change of season for many businesses as the economic alarm bells continue to sound.
“Costs are still rising, profits are still shrinking, and vacancies are at a 12-year low as many businesses simply can’t afford to hire.”
Of the…