David Alexander, head of debt recovery at full-service law firm Gilson Gray, said: “The latest figures present a mixed picture. On the one hand, corporate insolvencies have fallen significantly compared with the same period last year, down by almost 28% which will be welcome news for many businesses. However, insolvency levels remain above those seen before the pandemic, and it would be premature to view this as a sign that trading conditions have fundamentally improved.
“While the reduction in creditors’ voluntary and compulsory liquidations suggests fewer businesses are reaching the point of formal insolvency, many companies continue to operate under considerable financial pressure. Higher…