Analysis and Commentary on the Insolvency Statistics Q2 2023
The quarterly insolvency statistics for April to June 2023 show that corporate insolvencies across the UK1 are at a 14-year high.
Increased insolvencies appear to be continuing with the monthly statistics for both August and September 2023, showing corporate insolvency numbers were higher than the same month last year. July’s figures showed a slight decrease year on year.
This article will analyse the figures in the Q2 statistics, examine the factors contributing to the current predicament and briefly consider the prognosis for the future.
Data
The Government currently publishes insolvency statistics both on a monthly and quarterly basis.2 This article predominantly…
