Corporate insolvencies fell month-on-month and year-on-year in October despite ‘high numbers’ of directors winding down solvent companies before the Budget.
The number of corporate insolvencies decreased by 10.4% in October 2024 to a total of 1,747 compared to September’s total of 1,950 and decreased by 23.8% compared to October 2023’s figure of 2,293. Corporate insolvencies decreased by 13% from October 2022’s total of 2,007.
Bethan Evans, Interim Wales Chair of R3, the UK’s insolvency and restructuring trade body, said:
“The month-on-month and year-on-year fall in corporate insolvency numbers is the result of a decrease in all corporate insolvency processes, with the exception of Receiverships.
“On the face of it, this may…
“The month-on-month and year-on-year fall in corporate insolvency numbers is the result of a decrease in all corporate insolvency processes, with the exception of Receiverships.
