Insolvencies peak driven by hospitality and retail
Published: 01 November, 2023
Newly released figures from the Insolvency Service show that a higher rate of UK insolvencies over the 12 months have been driven by pressures in consumer facing industries such as leisure, hospitality and retail. However, research suggests the worst might now be in the rear-view mirror, with an easing now expected to follow as the industry works through some of its core challenges.
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