The UK’s latest quarterly company insolvency statistics, published on 29 October, suggest that the unexpectedly calm seas seen over the last 18 months (and maintained by unprecedented government economic support) may be starting to give way to stormier waters as corporate insolvencies begin to return to pre-pandemic levels.
The Q3 2021 data marks a noticeable bump from Q2 2021, with the overall number of registered company insolvencies in Q3 2021 17 per cent higher than the previous quarter. These statistics represent the highest overall insolvency levels since the initial lockdown began in March 2020, with the construction industry in particular continuing to report a sizeable number of insolvencies.
The increase primarily comes as a…