Between April 1 and April 30 2022, there were 5,629 company insolvencies, up 13 per cent on the previous three months and 81 per cent higher than in the same quarter last year.
Among those insolvencies, voluntary liquidations reached their highest quarterly level since 1960. Creditors’ voluntary liquidations reached 4,908 in the second quarter of 2022, the highest since 1960, when the Insolvency Service started collecting such data. One in every 228 companies entered liquidation in the last year.
Read more at smallbusiness.co.uk
