The number of firms in Wales subject to insolvency related activities has hit a high for the year, according to new research from R3, the insolvency and restructuring trade body.
R3’s analysis of data provided by Creditsafe shows there were 76 cases of insolvency-related activity, which includes liquidator appointments, administrator appointments and creditors’ meetings, in Wales in April. This is the highest number this year, and since November 2022 when the total was 84.
Insolvency related activity numbers also rose month-on-month, with April’s level 10.1% higher than in March and a year-on-year increase of 33.3%.
