Jan 31, 2023
UK Insolvencies Reach Highest Since 2009 Financial Crisis
(Bloomberg) -- More UK companies collapsed last year than at any time since the financial crisis over a decade ago, figures published Tuesday show. A total of 22,109 firms were declared insolvent, 57% more than in 2021 and just short of the more than 24,000 recorded in 2009. Insolvencies peaked in the fourth quarter, highlighting the pressures on companies facing both soaring costs and an economic downturn.
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