High Street

Number of retailers going insolvent jumps to 2,195, says Mazars

The number of e-commerce insolvencies reached its highest level in five years, reaching 615 in 2023/24, an increase on the 521 insolvencies reported in the previous year

The number of insolvencies of retailers increased 19% in the past year to 2,195 in 2023/24, up from 1,843 in 2022/23, Mazars, the international audit, tax and advisory firm has found.

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