Rising numbers of firms going bust overtake financial crisis insolvency levels
More companies went bust last year than in the 2008 financial crisis, according to new figures from the Insolvency Service. A total of 25,551 business insolvencies were recorded last year, more than the 25,186 that collapsed in the year from August 2008 to July 2009 including corporate giants like investment bank Lehman Brothers. The numbers…