Increasing bankruptcies of British companies

reported by Official statistics show that only last month, 2,361 companies in England declared bankruptcy, which is 17% more than the same period last year. With this account, in terms of the number of bankrupt companies, last month is the third month with the highest number since 2000 in England.

The construction industry of this country has experienced the worst conditions in terms of the destruction of companies among different areas of the British economy, because the decline of the housing market in this country caused up to 1700 companies in Declare bankruptcy between January and May 2024.

The business sector, including retail and wholesale, along with the hotel and restaurant industry of this country, has also suffered a crisis due to the decrease in demand, and during the period of January to May, 3 thousand English companies in this They have declared bankruptcy.