Corporate and personal insolvencies across England and Wales rose slightly in July – reflecting a cautious month for businesses and households as they navigate uncertain economic conditions.
New figures from the Insolvency Service reveal how the number of corporate cases increased by 1.4% to 2,081, compared to June’s total of 2,053, and by just 0.1% against July 2024’s figure, which came to 2,078.
Bethan Evans, South West Chair of R3, the UK’s restructuring, turnaround and insolvency trade body, said: “Corporate insolvencies across England and Wales remained broadly stable last month, with the trends showing a rise in Compulsory Liquidations and a slight uptick in Administrations, while Creditors’ Voluntary Liquidations and Company…