Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds , responds to the Q1 2021 England & Wales corporate and individual insolvency statistics, which were published this morning by the Insolvency Service.
There were 2,384 seasonally adjusted corporate insolvencies in Q1 2021, a reduction of 21.9% compared to Q4 2020s figures of 3,053 and a fall of 38.3% compared to Q1 2020 (3,863).
The quarterly fall in corporate insolvencies to the lowest quarterly total on record has been driven by a drop in all corporate insolvency processes. However, the increase in corporate insolvencies between February and March of this year, which was reported earl…
Read the full article at: https://bdaily.co.uk/articles/2021/05/04/q1-2021-insolvency-statistics-for-england-wales-r3-response