Corporate insolvencies on the slide
Figures published by the Insolvency Service show an overall decrease in the number of insolvencies this quarter, with firms turning instead to other methods such as CVAs to settle their debts.
Corporate insolvencies were down 19.1% in the second quarter of this year compared to the same period last year. There were 4,080 company liquidations in total, a 0.5% increase since the start of the year.
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