More companies went bust in past year than during financial crisis
More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show.
There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency Service released this morning shows.
That’s more than in the year from August 2008 to July 2009, when 25,186 insolvencies were recorded (see data here). That period covered the collapse of Lehman Brothers in September 2008, which was followed by the ‘Great Recession’ of 2009.
Rebecca Dacre, partner at Forvis Mazars, the international audit, tax and advisory firm, says:
“The latest insolvency figures are a strong…
