The latest data from the Insolvency Service indicates that corporate insolvencies in England and Wales rose by 18.5% in February 2024 to a total of 2,102 (compared to January’s total of 1,774) and increased by 16.7% (compared to February 2023’s figure of 1,801). This means that corporate insolvencies in England and Wales were 38.5% higher than in February 2022 and 73.3% above pre-pandemic levels in February 2019. Nicky Fisher, President at R3, commented: “February’s administration numbers were the highest level we’ve seen in February in more than four years, which is a sign that more and more businesses are at a point where a sale or a liquidation may be their only option.” To read R3’s news release, go to https://www.r3.org.uk/press-policy-and-research/news/more/32004/page/1//.