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  • Insolvencies spike to highest level since 2009 as energy crisis sets in

Insolvencies spike to highest level since 2009 as energy crisis sets in

Total company insolvencies in the second quarter of 2022 hit their highest quarterly level since 2009 at 5,629, as firms struggle to stay afloat amid the energy crisis.

by | 9 Oct, 2022

According to new ONS data, although insolvencies decreased in 2020 thanks to government support packages, Creditors’ Voluntary Liquidations (CVLs) have hit a new high.

CVLs are the most common company insolvency in England and Wales and are typically used by small businesses going insolvent.

Read more at City A.M.

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