Increasing Business Failure

The latest Government statistics in relation to business failures do not make great reading with significant increases in businesses entering formal insolvency proceedings. The number of registered company insolvencies in April 2022 was 1,991:

·  More than double the number registered in the same month in the previous year (925 in April 2021)

·  39% higher than the number registered three years previously (pre-pandemic; 1,429 in April 2019)

However, insolvency stats are rising and this link should help: Commentary - Monthly Insolvency Statistics April 2022 - GOV.UK (www.gov.uk)