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Birmingham Post
Birmingham Post
Business
Hannah Baker

Exclusive: 57 South West companies go bust as rising inflation hits business

Inflation South West United Kingdom BusinessLive Evelyn Partners

Rising inflation and the the cost-of-living crisis is forcing many South West business into insolvency, new research reveals. A total of of 57 companies in the region went bust last month, BusinessLive can exclusively reveal.

The figure is down 11% from 64 in June last year - but the retail and service sectors in the West Country have seen an increase in corporate insolvencies, and to a level greater than across the rest of the UK.

The research, carried out for BusinessLive by professional services firm Evelyn Partners (formerly Tilney Smith & Williamson), examined regional insolvency figures from the UK's official public record, The Gazette . It includes businesses registered in the South West and those with directors based in the region.

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