The latest data from the Insolvency Service has found that corporate insolvencies in England and Wales decreased by 7.3% in July 2024 to 2,191 but increased by 15.9% compared to July 2023’s figure of 1,890. Compared to pre-pandemic levels in July 2019 (11,440), July 2024’s figures indicate a 52.2% increase in insolvencies. President of R3, Tim Cooper, commented that corporate insolvencies were “the highest we’ve seen for this month since 2019” due to increases in Compulsory Liquidation, Administration, and Creditors’ Voluntary Liquidation (CVL). CVLs continue to be the most common corporate insolvency process. To read R3’s news release, go to https://www.r3.org.uk/press-policy-and-research/news/more/32171/r3-responds-to-july-2024-insolvency-statistics/.