Corporate insolvencies fell slightly in July compared to June. But July was also the third consecutive month in which year-on-year corporate insolvency levels have risen, according to insolvency and restructuring trade body R3 in Wales.
R3 said that the month on-month fall in corporate insolvencies was a result of a drop in Compulsory Liquidations, Creditors’ Voluntary Liquidations, Administrations and Company Voluntary Arrangements.
While the year-on-year rise continues to reflect the effect the pandemic has had on the business community.
The statistics for July 2021 from the Insolvency Service for England and Wales showed:
- Corporate insolvencies fell by 9.3% to 1,094 in July 2021 compared to Junes figure of 1,206, and increased by …
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