New data from Creditsafe has found that 2,443 companies in the UK became insolvent in July 2024 – a 2% increase compared to June but 2% lower than the same month in 2023. 16% of insolvencies in July came from within the UK construction sector, with the sector accounting for 17% of all company insolvencies in 2024. Creditsafe also notes that two sectors that traditionally see large numbers of business failures are Wholesale and Retail. The combined total of these sectors represented 28% of all insolvencies. To read Creditsafe’s news release, go to https://www.creditsafe.com/gb/en/blog/reports/insolvencies.html.