Continuing high levels of corporate insolvencies in England and Wales indicate a sense of ‘stable stress’ across the local economy, with latest figures highlighting only a marginal decrease in numbers.
This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and comes on the back of new statistics published by the Insolvency Service which show that corporate insolvencies decreased by 2 per cent in September to a total of 2000 compared to the previous month.
There was also a marginal fall in August of 1.7 per cent against July’s total of 2,083.
R3 Midlands chair…