Latest data from the Insolvency Service has found that corporate insolvencies in England and Wales decreased by 6.4% in May 2024 (to 2,006) compared to April. This is, in turn, a decrease from May 2023’s figure of 2,547. However, compared to pre-pandemic levels in May 2019 (1,348), May 2024 figures indicate a 48.8% increase in insolvencies. Tim Cooper, President of R3, commented that corporate insolvencies are higher than they were in May 2019 because CVL levels are significantly higher now than they were then, “as a greater number of directors are closing their businesses after four tough years of trading during and post-pandemic.” To read R3’s news release, go to https://www.r3.org.uk/press-policy-and-research/news/more/32117/page/1//.