New data from Creditsafe has found that 2,390 companies in the UK became insolvent in June 2024 – a 13% increase compared to May and 6% higher than the same month in 2023. 16% of insolvencies in June came from within the UK construction sector. The total number of UK company insolvencies for 2023 was 30,199. This number represents a 12% increase compared to the same period in 2022 and a 52% increase compared to 2021. To read Creditsafe’s news release, go to https://www.creditsafe.com/gb/en/blog/reports/insolvencies.html.