Member Article
The first month-on-month rise in the number of corporate insolvencies for almost a year should spur North East business owners with concerns about their own firms financial situations to seek advice now.
Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, after the publication by the Insolvency Service of Decembers official corporate insolvency statistics for England and Wales.
The number of corporate insolvencies increased by 37.8% from 891 in November to 1,228 last month, and was 9.2% higher than for December 2019s figure of 1,125.
And with corporate insolvency numbers expected to keep rising this year, Alexandra Withers, who is an associate solicitor in the insolvency d…
Read the full article at: https://bdaily.co.uk/articles/2021/01/22/alarm-bells-ringing-at-first-month-on-month-rise-in-corporate-insolvency-numbers-for-almost-a-year
