Summer of sport helps provide respite but insolvency trend continues Business A summer of sport and warmer weather helped provide some respite to the retail and hospitality industries in England and Wales helped the number of insolvencies dip last month compared to July, according to new figures. Around 10,000 individuals entered insolvency in August 2024, five per cent lower than July’s total but 16 per cent [...]
Not everyone is suffering: Insolvency expert Manolete booms as more companies go bust Business The poor state of the economy hasn’t been bad for everyone, as insolvency litigation financing firm Manolete Partners has returned to profit thanks to the withdrawal of government support for failing businesses during the pandemic. The AIM-listed company reported an operating profit of £2.5m for the financial year to 31 March, up from a loss [...]
‘Death by a thousand cuts’: UK insolvencies soar 17 per cent and exceed pandemic levels UK Economy The government agency said this was higher than levels seen during the pandemic "while the government support measures were in place", with things like the furlough scheme. It is also higher than pre-pandemic figures.