Reuters
Company insolvencies in England and Wales fell sharply in March and recorded their lowest calendar-quarter total since the third quarter of 2022, official figures showed on Friday. The Insolvency Service, a government agency, said 1,815 companies were declared insolvent in March on a seasonally adjusted basis, down from 2,177 in February and also 17% lower than in March 2023. Personal insolvencies in England and Wales were down 9% on the year in March and were 19% lower than in February at 8,708, the Insolvency Service said.