Just under one in three (32%) of UK businesses surveyed acknowledged there was a risk that they would become insolvent in the next 12 months, according to research by Evelyn Partners.

However, while a high proportion, this is down considerably from September 2022, when 47% of businesses believed there was a risk of insolvency.

Corporate insolvencies are at a four-year high according to the latest government data. However, with prospects of insolvencies easing, the research indicates that these figures might have reached their peak.