Corporate insolvency levels rose by 18.4 % in April 2024, with personal insolvencies also increasing by 9.9% during the same period, according to new statistics from the Insolvency Service.
Corporate insolvencies increased to a total of 2,177 compared to March’s total of 1,838, and increased by 18.4% compared to April 2023’s figure of 1,838.
Personal insolvencies also increased by 9.9% in April 2024 to a total of 9,651 compared to March’s total of 8,782, and increased by 4.7% compared to April 2023’s figure of 9,222.
Tim Cooper, President of R3, the UK’s insolvency and restructuring trade body, and Partner at Addleshaw Goddard LLP, commented on the publication of the April 2024…
