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Monthly insolvencies more than double year-on-year, data finds

Claire Burden, partner at Tilney Smith and Williamson, said businesses that ‘thrived’ under the pandemic are now at risk. Online low-cost retail businesses are now being put under ‘considerable pressure’ as they struggle to pass price increases onto customers for ‘fear’ of high volume demand falling away.

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The number of registered company insolvencies in January 2022 was 1,560, more than double the number registered in the same month in the previous year (758 in January 2021).

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