There were 1,878 corporate insolvencies [gov.uk] in February 2026 in England and Wales, 7.4% more than in January 2026 (1,749) and 6.8% less than in February 2025 (2,015).
Covering the North East, Richard Oddy is a partner, licensed insolvency practitioner and business restructuring, turnaround and rescue expert at regional accountancy and business advisory firm Azets, with offices in Durham, Newcastle and Teesside.
He said: “Corporate insolvencies reached a four-month high in February, as the consequences of a poor Christmas trading period, ongoing creditor assertiveness, continued cost pressures and issues accessing finance came to a head and led to more firms turning to an insolvency process to help address their financial issues and…