New report finds insolvencies could double in 2024 Following the launch of our Consumer Credit Stress Barometer in 2023, we are now launching a Commercial Risk Barometer.

In this new report, illion data scientists analyse key commercial data points to predict likely economic outcomes in the future.

A significant finding in our latest report is that business failure risk has risen by more than 6% in the 15 months to March 2024. This follows a long period of stability up to the end of 2022, likely due to government and lender support of smaller businesses.

The overall rise in business failure risk means that close to twice as many businesses are now at risk of forced closure compared to this time last year, either through liquidation or involuntary deregistration.

Ultimately, insolvencies in 2024 may be up to double those seen in 2023.

Don’t miss this important webinar where illion data scientists and business experts discuss which sectors are most at risk, and where they are located.