Rise in Insolvency in the United Kingdom

Company insolvencies rose by 40% in May in England and Wales, reaching a 4-year high. The Insolvency Service reported 2,552 companies entered an insolvency process last month, most of which were CVLs.

Compulsory liquidations also rose by 34%, most of which were instigated by HMRC through a winding-up order, and companies entering an administration process increased by 80%.

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