Q4 2019 Annual insolvency statistics – response

Commenting on the Q4 2019 (October-December) England & Wales insolvency statistics, Duncan Swift, President of insolvency and restructuring trade body R3, says:

“Today’s figures are a reflection of anaemic economic growth throughout 2019. A number of factors have fed into this: political uncertainty, particularly around Brexit, has held back business decisions and investment, but weaker consumer confidence and sector-specific issues can’t be discounted either.”

Corporate insolvencies
• Excluding one-off ‘bulk insolvency events’, seasonally adjusted corporate insolvencies in 2019 rose 6.8% from 2018. Excluding these one-off events, there were 17,196 corporate insolvencies in 2019 – the highest since 2013
• Seasonally adjusted corporate insolvencies fell by 1.8% in Q4 2019 compared to Q3 2019, but rose by 8.1% compared to Q4 2018.

Source: Business Up North
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