Dramatic fall in insolvency numbers
The number of personal insolvencies fell by over 28% in the period July to December 2024, with big falls in construction businesses (down 17.2%) and retail (down 8%) over the previous month. If that trend continues, the number of personal insolvencies in 2024-2025 may be well under 10,000, compared with 11,644 in 2023-2024. The drop […]