Home Economy Corporate insolvencies in the UK rise by 10%

Corporate insolvencies in the UK rise by 10%

Camelia Kirk November 7, 2023 Leave a Comment

Corporate insolvencies in the UK rise by 10%

Corporate insolvencies in the UK rise by 10%

Economy

According to the report, the largest amount of voluntary liquidation of creditors was recorded since the start of monitoring in 1960.

The United Kingdom recorded a 10% increase in local company insolvencies in the third quarter of this year, compared to the same period in 2022, according to a government survey released on Tuesday 31. According to the local government, there were 6,208 registrations in the last quarter.

According to the report, the largest amount of voluntary liquidation of creditors was recorded since the start of monitoring in 1960; Meanwhile, forced liquidations have reached their highest levels since the start of the pandemic.

In the report, the government reinforces its concern about the financial difficulties that the country is experiencing.

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The article was published on 31 October 2023 at 16:28

October 31, 2023 at 4:28 pm

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About the Author: Camelia Kirk

"Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist."

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