Corporate insolvencies in the UK increased by 1.5% in September 2024 from the previous month, according to the latest data from the Insolvency Service.
The total number of corporate insolvencies stood at 1,973 compared to August’s total of 1,943, and decreased by 7.4% compared to September 2023’s figure of 2,130.
Corporate insolvencies also increased by 14.3% compared to September 2022’s 1,726 figure.
Personal insolvencies increased by 6% in September 2024 to a total of 10,651 compared to August’s total of 10,046, and increased by 44.5% compared to September 2023’s figure of 7,372.
The number of personal insolvencies also increased by 12.6% compared to September 2022’s figure of 9,462.
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