Dave Broadbent, chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and partner at Begbies Traynor in York and Teesside, says:
“Corporate insolvencies have decreased slightly in August 2025 when compared to the previous month, but have increased almost 6% when compared to the same month last year. The trend shows continued high numbers of formal insolvencies, although some way off the peaks of 2023 when pandemic-era problems unwound.
“For many businesses, uncertainty in what is already a difficult trading environment remains the dominant theme. The now confirmed…