Rise in Insolvency in the United Kingdom Company insolvencies rose by 40% in May in England and Wales, reaching a 4-year high. The Insolvency Service reported 2,552 companies entered an insolvency process last month, most of which were CVLs. Compulsory liquidations also rose by 34%, most of which were instigated by HMRC through a winding-up order, and companies entering an administration process increased by 80%. To know more visit: https://www.leading.uk.com/