The Insolvency Service’s latest September 2021 corporate insolvency statistics for England and Wales found that corporate insolvencies increased by 7.2% (to 1446) in September 2021 compared to August’s figure, and increased by 55.8% compared to September 2020’s figure of 928. The increase was driven by a rise in Creditors’ Voluntary Liquidations, which increased for the third consecutive month, suggesting that directors are choosing to close their businesses after deeming their financial survival unlikely. Nicky Fisher, Deputy Vice President of R3, commented: “The dramatic increase in corporate insolvencies compared to this time last year — to the highest level since January 2020 — illustrates just how crucial the Government’s support has been in keeping businesses afloat and suggests that there may be a rocky road ahead for the business community now it has ended.” To read R3’s news release go to