The Latest Stats for May 2024 on Company and Individual Insolvencies


The latest stats for May 2024 on company and individual insolvencies in England and Wales are out, showing some interesting trends. Company insolvencies dipped slightly from April 2024 and are down 21% from last year, hinting at possible signs of recovery in business closures. On the flip side, individual insolvencies edged up compared to last year, despite recent drops in inflation. It's clear there's a mixed impact on businesses and individuals dealing with economic pressures.There has been notable challenges in sectors like construction, where COVID debt and limited restructuring options are hitting hard. We're keeping a close eye on how personal insolvency figures might be affected by business failures and shifts in debt management approaches. These insights are important to adapt to economic changes ahead.

Contact for Insolvency - https://www.simpleliquidation.co.uk/