Recent figures from the Office of National Statistics (ONS) have revealed that company insolvencies are soaring, having hit levels not seen since the aftermath of the 2008 financial crisis. Invariably, as the number of insolvencies rise, and the prospect of insolvency becomes more real for businesses, more fraud comes to light.

Why does more insolvency = more fraud?

The reasons for this are varied, and it may not even have been fraud that caused the insolvency in the first place.