Insolvencies for Q3 are falling

THE number of companies with significant and critical financial problems has fallen both year-on-year and quarter-on-quarter, figures from the rescue, recovery and restructuring specialists Begbies Traynor showed yesterday.

The figures show how HMRC’s Business Payment Support Service, which has seen more than 215,000 companies defer payment of £3.79bn in tax liabilities, are helping, it said. The fall in actions against companies shows the increasing availability of credit, the group said, but adverse actions typically fall in this quarter.