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Latest Insolvency Service stats underscore grim business climate

The latest official data from the Insolvency Service shows that 471 construction businesses collapsed in May - a new monthly record.

United kingdomJeremy whitesonDavid crosthwaiteAllan kellyNick oreillyOffice of national statisticsBuilding cost information serviceInsolvency serviceNational statistics

Business insolvencies jump by almost a third

Around 2,163 companies were declared insolvent in June, which is up from 1,698 according to data from the Insolvency Service.

Nick oreillyDavid hudsonInsolvency serviceNon domestic rating billAdditional government

Business Insolvencies Rise By Almost A Third As UK Companies Battle Rising Borrowing Costs And Consumer Pressure » WhatsNew2Day

By Daniel Fessahaye

United kingdomNick oreillyDavid hudsonBankruptcy serviceNational qualificationNon national qualification bill

Business insolvencies in England and Wales rocket 40%

Some 2,552 companies were declared insolvent in May, up from 1,825 a year ago, according to the Insolvency Service.

United kingdomNick oreillyDavid kellyLindsey cooperInsolvency serviceCoronavirus business interruption loan schemesFuture fundsKingdom restructuring advisory

Corporate insolvencies soar to highest level in three years

High borrowing costs and inflation are weighing heavily on businesses, official figures suggest.

United kingdomOury clarkRichard curtinNick oreillyPhilip kingChristina fitzgeraldNick parskCompany voluntary arrangements cvasVoluntary liquidationsSmall business commissionerCompany voluntary arrangementsBounce back loanInsolvency partnerInsolvencies partnerSpector constantMiles hacking

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