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2024 will be an important test for many businesses in the UK following the 2023 backdrop, latest data and current environment. Our latest insight delves into the detail of the insolvency trend for 2023 providing both perception and critical analysis of the rationale behind the trend and methods to employ or consider to support tighter risk mitigation whilst serving growth and performance aspirations.
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Corporate Insolvencies are a critical barometer in measuring the sentiment and success of an economy. This edition centres around Q3 of 2023, which witnessed some significant developments within many sectors including retail and construction, with a number of high profile casualties seen in this period of the year.
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Explore the latest UK retail market insights
Access key trends and data to make informed business decisions
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Corporate Insolvencies are a critical barometer in measuring the sentiment and success of an economy. In recent years, insolvency data has been somewhat distorted driven by unique circumstances but we are now beginning to see the aftermath of the slowdown seen in 2020 and 2021 and a trend that continues on the decline. In this edition, we examine the data from the first Quarter of 2023, which maintains its rise in insolvencies from the previous year. So caution is certainly being flagged.