BEGBIES Traynor Group predicted double digit growth in both revenue and profitability, as the number of insolvencies continues to rise on tough market conditions.
The number of firms going bust has risen to its highest level since 2009 — at the height of the financial crisis, according to the latest data from the UK Insolvency Service last month.

The Insolvency Service
https://www.gov.uk/government/organisations/
insolvency-service Official Statistics Commentary – Monthly Insolvency Statistics October 2023 Published 14 November 2023 https://www.gov.uk/government/statistics/monthly-insolvency-statistics-october-2023/commentary-monthly-insolvency-statistics-october-2023

(Above illustration): The number of registered company insolvencies in October 2023 was higher than in the same month last year, driven mostly by a higher number of CVLs. Company insolvencies, England and Wales, October 2019 to October 2023, not seasonally adjusted