Struggling businesses in Yorkshire and across the UK will be hoping for measures that boost economic activity in next week’s Budget, R3 said, as it responded to the publication of the latest corporate and personal insolvency statistics.
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire, said: “Corporate insolvencies have increased by 2% in October 2025 compared to September and are also up by 17% on the same month last year. However, they are down by 11% compared to October 2023, which saw 30-year high annual numbers of insolvencies. The 8% increase in compulsory liquidations compared…