Corporate and personal insolvencies are on the rise against the backdrop of a worsening economic outlook.
Latest figures from the Insolvency Service show that in August corporate insolvencies in England and Wales rose by 41.6% compared with pre-pandemic levels in August 2019, while personal insolvencies rose by 7.4%.
Corporate insolvencies increased by 5.5% in August 2022 to a total of 1,933 compared to July’s total of 1,832, and increased by 43.4% compared to August 2021’s figure of 1,348.
