Supporting clients to improve cashflow

By the Institute of Financial Accountants

According to the government’s most recent insolvency statistics, there were 2,552 insolvencies in May 2023, 40% higher than the same period last year, and higher than pre-pandemic numbers. While some argue that support measures for Covid-19 artificially suppressed last year’s insolvency stats, nonetheless, this year’s statistics show an increasingly alarming trend of business failures.

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