Compulsory liquidations of UK companies hit a decade-high last year.

The courts ordered 3,230 companies to stop trading in 2024 because they could not pay their debts, up by 14pc year-on-year and the highest total on record since 2014, according to HMRC’s latest company insolvency statistics.
This followed an increase in December, when the number of monthly compulsory liquidations hit 273, up 53pc year-on-year.
Mark Goodwin, Founder and Managing Director at Optimise said:
"With the economy firmly stuck in reverse gear and company insolvencies continuing to rise, there are numerous legitimate legal claims against fraudulent directors that might not be pursued due to lack of funds. Optimise is here to bridge this gap, ensuring that insolvency practitioners and creditor estates receive maximum returns. By providing the necessary funding, we help ensure that justice is served and creditors are fairly compensated."