Insolvencies last month rose to the highest level since the Government began collecting the statistics four years ago, exceeding pandemic-era highs.
There were 2,457 companies declared insolvent last month, up 16% from March 2022, as well as 288 compulsory liquidations, double the figure from a year earlier. This, the Government said, was partly due to more winding-up orders from HMRC because of unpaid taxes.
