Years of challenging trading conditions and the threat of April’s rise in the National Minimum Wage and Employers’ National Insurance Contributions have driven up monthly corporate insolvency figures to the highest seen in January for more than five years.
This is according to the Midlands branch of the UK’s insolvency and restructuring trade body R3, and comes on the back of figures published this week [18/2/25] by the Insolvency Service which show that corporate insolvencies increased by 6.4% last month to a total of 1,971 compared to December 2024’s total of 1,852.
The January 2025 figures are also 10.7% higher than the January 2024 total of 1,780 and they are 13.1% above the 1,743 registered in January 2023.
R3 Midlands…
