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Advice & Best PracticeFeatures

Insolvencies: utilising accountancy to halt rising trend

By Jonathan Barber, Executive Director – UK of the Institute of Financial Accountants (IFA)

In a year that closed with record insolvencies, 2023 saw more than 25,000 companies cease trading, the highest annual number since 1993. November alone witnessed a total of 2,466 insolvencies, 21% higher than 12 months before.

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