Business Insolvencies at their highest since 1993
UK debt collections
JANUARY 31, 2024
But the proportion of firms going bust was not as severe as during the 2008 global financial crisis, owing to more companies in existence, the government agency said. This was the highest rate since 2014, but considerably lower than the rate of 94.8 Last year 53.7 companies went insolvent out of every 10,000 trading, up from 49.6
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