In her position as R3 President, Edwin Coe R&I Partner Christina Fitzgerald commented today on the publication of the September 2022 corporate and individual insolvency statistics for England and Wales:
Key data points
- Corporate insolvencies decreased by 13.5% in September 2022 to a total of 1,679 compared to August’s total of 1,940, and increased by 15.6% compared to September 2021’s figure of 1,453.
- Corporate insolvency figures were also 11.3% higher than September 2019’s figures of 1,508.
- Personal insolvencies increased by 4.5% to 10,013 in September 2022 compared to 9,584 in August, and were 0.5% higher than September 2021’s figure of 9,967.
- Personal insolvencies also decreased 18.5% from September 2019’s total of 12,280.
“The corporate insolvency figures published today provide a clear insight into insolvencies before, during, and after the pandemic.”
“When it comes to personal insolvency… …the issues around the cost of living are causing more people to seek help with managing their debts.”
You can read Christina’s full analysis on the R3’s website here.
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