Corporate and personal insolvencies both fell, during the month of July, compared with the previous month, new insolvency statistics reveal.
However, on a year-on-year basis, the news was not as cheery,
The level of corporate failures decreased by 7.3% in England and Wales to a total of 2,191 compared with June’s total of 2,363, and increased by 15.9% compared with July 2023’s figure of 1,890.
Corporate insolvencies increased by 8.9% from July 2022’s total of 2,012 and increased by 52.2% compared with pre-pandemic levels in July 2019 (1,440).
While personal insolvencies in July decreased by 0.2% in England and Wales, to a total of 10,524 compared with June’s total of 10,548, they increased by 24.1% compared…
