Company insolvencies increased by nearly 20% in the first three months of 2023 compared with the same period last year.
R3, the insolvency and restructuring trade body for Dorset has said that the figure of 5,747 corporate insolvencies in January, February and March were the highest for any first quarter of a year in England and Wales for more than a decade.
It was down slightly on the last quarter of 2022 but R3 has warned this shouldn’t disguise the "real and present danger" facing many businesses this year.
