Businesses are being urged to put contingency plans in place as another 2,000 firms went bust last month amid the economic fallout of the Iran war.
Rising energy and fuel prices, paired with weak consumer confidence, have contributed to a rise in monthly company insolvency rates.
Figures from the Insolvency Service show 2,022 registered company insolvencies across England and Wales in March, 7 per cent higher than in February, when 1,895 were forced to close.
These consisted of 299 compulsory liquidations, 1468 creditors’ voluntary liquidations, 235
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