LONDON (Reuters) – The number of company insolvencies in England and Wales rose last month to stand 43% higher than a year earlier and 42% higher than in August 2019, before the COVID-19 pandemic, government figures showed on Friday.
The increase in company insolvencies was driven by a rise in creditors’ voluntary liquidations, rather than compulsory liquidations, the Insolvency Service agency said.
Individual bankruptcies were 10% lower than a year ago and 58% below their level three years ago, while the number of Debt Relief Orders was similar to before the pandemic.
(Reporting by David Milliken; editing by William James)
