David Kelly, Head of Insolvency at PwC, commented:
“The Insolvency Service's latest statistics for May 2025 reveal an increase in corporate insolvencies across the UK. The total number of registered company insolvencies in England and Wales was 8% higher than April 2025 and 15% higher than May 2024.
“The data reflects the persistent challenges, particularly in the construction and manufacturing sectors, and highlights that the financing position of many businesses remains fragile. This vulnerability can also be seen in some of the business and consumer sentiment surveys which are painting a very cautious picture.”
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