Latest figures from the Insolvency Service have shown that there were 1,953 business insolvencies in August 2024, a decrease by 9% in August 2024 compared to July’s total of 2,144, and decreased by 14.6% compared to August 2023’s figure of 2,286. The business insolvencies consisted of 279 compulsory liquidations, 1,542 creditors’ voluntary liquidations (CVLs), 112…
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