Compulsory liquidations hit decade-long high as firms face rising costs

The number of companies going bust in February remained high, according to official data (Mike Egerton/PA) - (PA Archive)

The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data.

Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said.