Corporate insolvencies across the South West jumped nearly 30% in the first quarter of 2022 as a series of compounding crises – from inflation and supply chain disruption to the impact of the conflict in Ukraine and the pandemic – placed ever-increasing pressure on businesses.
A total of 22 companies fell into administration from January to March ] – up from 17 companies in the same period in 2021 - according to analysis of notices on public records site The Gazette by financial advisory firm Interpath Advisory.
Administrations, which typically involve medium-to-large businesses, are still yet to return to pre-pandemic levels, Interpath said, while liquidations (predominantly smaller businesses) are back to levels seen before the pandemic.
