September insolvency statistics
Matt Richards and Louise Brittain, restructuring and insolvency partners at Azets, the UK’s largest regional accountancy and business advisors to SMEs, comment on the September 2021 corporate and personal insolvency statistics for England and Wales.
Corporate insolvencies
Matt Richards, restructuring and insolvency partner at Azets said: “The number of corporate insolvencies in September (1,446) increased from 1,349 in August and 1,096 in July, and we expect this upward trend to continue now the government has withdrawn most of its corporate support measures.
“While the number of insolvencies in September 2021 was slightly below the number of insolvencies two years ago in September 2019 (4%), the additional pressures facing businesses today with higher inflation, staff shortages, increasing energy prices and the need to repay Covid incurred debt, is likely to lead to increased numbers of insolvencies over the next 12 months.”
