According to data from the Insolvency Service, during 2019 the total number of company insolvencies in England and Wales rose to its highest level since 2013.

The figures revealed that the increase was largely driven by a rise in creditors’ voluntary liquidations. Creditors’ voluntary liquidations reached their highest annual level since 2009.

‘These latest figures paint a bleak picture for the macro economy overall and temper the pre-Christmas optimism caused by the ‘Boris bounce’,’ said Michael Mulligan, Insolvency and Restructuring Partner at law firm Shakespeare Martineau.

‘In reality, growth continues to stagnate, and business and individuals are feeling the effects. There are thousands of zombie companies hanging on across a number of vulnerable sectors.’

If your business is struggling, we are here to help. We can help you with our winning 60:30:10 formula to growth, help get your business out of trouble and help you increase your profits.

Get in touch with us and book your free discovery session. Call us on 01474 853 856 or email us at