Spike in UK company insolvencies

Published date16 March 2024
Publication titleHuddersfield Daily Examiner
The level of company insolvencies spiked in February with cosmetics chain The Body Shop among the high street brands to collapse into administration

The number of registered company insolvencies in February was 2,102, a 17% increase on the same month in 2023, data from the Insolvency Service showed.

It is higher than levels seen during the Covid-19 pandemic, when Government support measures were propping up struggling firms, and higher than pre-pandemic numbers.

It signals that British businesses are still...

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