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Corporate Finance

UK company insolvencies rise 70% in past year

Mazars said that businesses are finding it ‘increasingly difficult’ to refinance their debts at a competitive rate and the number of businesses that go into insolvency is expected to rise

UK company insolvencies have jumped 70%, from 11,261 to 19,191 in the last year according to Mazars, the international audit, tax and advisory firm.

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