In September, 1,882 corporate insolvencies were recorded across England and Wales, down 3.6 per cent from August and 4.6 per cent lower than the same period last year.
Andy McGill, restructuring and insolvency partner at Azets, which has offices in Cardiff, Swansea and St Asaph, said: “September is typically when the true picture of the summer trading period emerges, and where business owners and management teams decide whether they can keep going or need to close the doors.
“With the holidays ending and court-time capacity returning to its usual level, it’s also a month where HMRC and other creditors resume chasing debts.
“Compulsory liquidations have increased for the fourth consecutive month to the second highest…