Corporate insolvencies in England and Wales rose last month to the highest level since July.
They increased by 2.9% in April to 2,053, up from 1,996 in March, according to new figures from trade body R3.
This is a 5.1% decrease compared to last April’s figure of 2,163 but a leap up of 13.2% since April 2023 when there were 1,813.
Bethan Evans, South West chair of R3, the UK’s insolvency and restructuring trade body, said most companies enter into creditors’ voluntary liquidations and their “consistently high numbers” reflect the ongoing challenges, high costs and political and economic uncertainty businesses face.
“It demonstrates the toll these challenges are taking on business finances and confidence in their ability to turn their…
