Business insolvency rises but personal bankruptcy declines

Business Insolvency continues to rise but in stark contrast, personal bankruptcy numbers dropped. The latest figures provided by the insolvency service made for interesting reading.
Whilst personal bankruptcies dropped in comparison to the same period for last year, it was not the same for the business world. Business Insolvencies have risen dramatically, largely due to the drying up of Business support through the pandemic.
The number of registered company insolvencies in May 2022 was 1,817:79%