CORPORATE insolvencies rose by almost a fifth last month to one of the highest figures seen since the start of the pandemic.
A representatives of the insolvency industry in Hampshire says the delay in lifting the final lockdown restrictions may have contributed to the rise.
Statistics for June showed corporate insolvencies in England and Wales rose 19 per cent on the previous month, to 1,207.
That was 62.9 per cent higher than the figure for June 2020.
Personal insolvencies rose 15.8 per cent to 9,836 month on month and were 18.8 per cent higher than the same month the previous year.
Garry Lee, chair of insolvency and restructuring trade body R3’s Southern and Thames Valley region, said: “The increase in corporate insolvencies between May and June – to the third highest monthly figure since the pandemic started – has been driven by a rise in Creditors’ Voluntary Liquidations (CVLs).