A levelling out of the monthly number of corporate insolvencies in England and Wales is adding weight to signs that the broader economy is showing tentative indications of recovery.
This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and comes on the back of figures published yesterday (19 August) by the Insolvency Service which show that corporate insolvencies increased only marginally by 1.4% in July to a total of 2,081 compared to June’s total of 2,053, and rose by only 0.1% against July 2024’s figure of 2,078.
R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “Corporate insolvencies remained broadly stable last month,…