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Evening Standard

Holly Williams

More companies go bust in March as fears mount over Iran war impact

Iran The Insolvency Service Denby Kroll

Renowned ceramics manufacturer Denby called in administrators late last month after struggling with rising costs (Alamy/PA) -

Company failures have jumped higher again in March due to a surge in firms collapsing into administration as experts warned more may go bust as the Iran war and soaring wage bills send costs surging.

Latest data from the Insolvency Service shows the number of company insolvencies rose 7% month-on-month in March to 2,022.

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