The Insolvency Service has now released new statistics for Company Insolvencies in England and Wales for Quarter Two of 2019 (April 2019 to June 2019) on 30 July 2019.
The report reveals some interesting statistics:
The insolvencies were listed by industry with the accommodation and food service industry with 74 extra cases compared to the 12 months ending Q1 2019 (a 3.4% increase), the construction industry (37 additional insolvencies and an increase of 1.2%), and the other service activities grouping (32 additional insolvencies and an increase of 4.7%).
There were decreases in the administrative and support services industrial grouping with 53 fewer cases (a decrease of 2.8%); and the transportation and support services grouping (21 fewer cases and a 3.9% decrease).
If you need help or advice in either considering entering into insolvency or bringing insolvency action against a debtor, our expert team can help.
Whether a one-off case or a substantial debt portfolio, we offer a one-stop-shop for businesses suffering from late payments, including pre-legal collections right through to post insolvency action.
For further information, please contact our specialist team.