The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data.
Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said.
Compulsory liquidation is when a firm is ordered to shutter by a court because it is unable to pay its debts.
Meanwhile, the number of overall companies closing down fell 7% compared to the same month last year, at 2,035.
That figure, however, includes firms that have chosen to shutter, rather than being forced to stop trading because of having run out of money.
There were 1,520 creditors’ voluntary liquidations, 115…
