Retail insolvencies hit five-year high

According to data from Insolvency Service statistics, there were 1252 insolvencies in the retail industry in the last year, compared to 1232 the year before. Insolvencies in the sector have not only hit a five-year high, they are also 31 per cent higher than the 958 insolvencies recorded in the year before the 2016 Brexit referendum. Compared to five years ago, retail insolvencies have risen by 16 per cent...
Read more...

;