CORPORATE insolvencies are on the rise as the country emerges from the Covid-19 pandemic.
The latest official figures show that corporate insolvencies increased by 8.8 per cent to 1,011 in May, a rise of 6.9 per cent as compared to the same period last year.
And Sheffield expert Deborah Lockwood, of business turnaround and insolvency practice Graywoods, warns that the numbers could continue to grow as companies struggle to find their feet again without government pandemic support.
A rise of just about two per cent over the past year might not seem so bad but the reality is most certainly that these remain very challenging times for many businesses, Deborah said.
The governments package of support has almost certainly dam…
Read the full article at: https://bdaily.co.uk/articles/2021/06/24/challenging-times-as-corporate-insolvency-numbers-rise