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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

UK insolvencies rising due to high interest rates, says Begbies Traynor

Begbies Traynor United Kingdom Interest Rates
A woman walks past a ‘closing down sale’ sign in a shop window
The number of UK corporate insolvencies in the year to 30 September increased to by 17% to 24,326. Photograph: Maureen McLean/REX/Shutterstock

Higher interest rates are pushing an increasing number of companies into insolvency, according to one of the UK’s biggest insolvency practitioners.

Begbies Traynor said it expected to see more businesses tip into insolvency “in tandem with the indicators of corporate financial stress in the UK”, alongside its financial results published on Monday.

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