#businesses being pushed into administration is on the rise, but perhaps most interestingly the agent of bankruptcy in a large number of cases is the #HMRC.

While other creditors may find it hard to enforce repayments on troubled firms facing multiple challenges, from the #costoflvingcrisis to #energy prices hikes, the state (in the form of the #tax inspectors) has all the powers it needs to get itself at the front of the queue of creditors... a sign of the times?

https://www.theguardian.com/business/2023/sep/15/number-of-uk-companies-going-bust-in-august-rises-by-a-fifth