Member Article
The easing of Covid-19 restrictions over the summer has failed to stop a sharp increase in the number of business insolvencies across England and Wales.
According to the latest official figures, corporate insolvencies increased by 22.9% to 1,348 in August 2021 compared to Julys figure of 1,097.
The year-on-year level of corporate insolvency also rose for a fourth consecutive month, with a 71.1% year-on-year increase last month from the 788 cases in August 2020.
With the temporary rules which have helped businesses avoid insolvency during the pandemic about to come to an end, the North East deputy chair of insolvency and restructuring trade body R3, Chris Ferguson, is advising regional business owners to be on the lookout…
Read the full article at: https://bdaily.co.uk/articles/2021/09/27/big-jump-in-corporate-insolvencies-despite-end-of-pandemic-restrictions
