(Dominic Lipinski/PA)
(Picture: PA Archive)Compulsory liquidations in November 2022 rocketed to more than five times as many as last year and were 7% higher than in November 2019, new figures released today show, as small and medium-sized businesses feel the pressure of rising prices, higher interest rates and dwindling consumer demand.
The number of registered company insolvencies in November 2022 was 2,029, 21% higher than in the same month in the previous year, and 35% higher than 2019, according to data released by the Insolvency Service this morning, while debt relief orders grew 10% on last year to 2,269.
