A huge rise in compulsory company liquidations is being driven by creditors who are fed up with unpaid debts, a leading South West expert says.
Figures published by the Insolvency Service reveal an increase of 105.8% in corporate insolvencies compared to this time in 2021, and an increase of 3.4% when compared to pre-pandemic levels.
Corporate insolvencies increased by 4.8% in January 2022 to a total of 1,560 compared to December’s total of 1,488. January 2021’s figure was 758 and January 2020’s was 1,508.
