Businesses ‘must take prompt action’ as company insolvencies continued to rise by 32% year-on-year in December
As UK businesses attempt to navigate the difficult economic landscape, company insolvencies continue to rise with a 32% increase in failures during the month of December 2022 compared to December 2021, as reported by the Insolvency Service, placing greater pressure on struggling businesses.
According to the latest figures from the Insolvency Service, 1,964 company insolvencies were registered