The number of insolvencies hitting companies in England and Wales in the last quarter has risen to a total of 3,560 - an increase of 15% on the same period last year. Administrations have also surged, with 938 companies calling in creditors during Q2 - a 60% rise on Q2 2007, according to research released by the Insolvency Service today (1 August).
August 01, 2008 at 11:10 AM
1 minute read
The original version of this story was published on Legalweek
The number of insolvencies hitting companies in England and Wales in the last quarter has risen to a total of 3,560 – an increase of 15% on the same period last year.
Administrations have also surged, with 938 companies calling in creditors during Q2 – a 60% rise on Q2 2007, according to research released by the Insolvency Service today (1 August).
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