Tue, 20 Apr 2021 | BUSINESS NEWS
Government figures show that UK company insolvencies rose 44.8 per cent from 685 in February to 992 in March, as the impact of the COVID-19 pandemic on businesses began to become clearer.
UK company insolvencies, as well as administrations, have largely remained low since the onset of the pandemic in March 2020, due to a combination of restrictions on insolvency actions such as winding-up petitions, as well as government financial support measures for businesses.
The low levels of administrations and insolvencies have lead to concerns that such measures have created a huge number of zombie businesses that have only survived as a result of government support and could create a wave of bankruptcies as…
Read the full article at: https://www.business-sale.com/news/business-news/company-insolvencies-begin-to-rise-in-march-as-pandemic-impact-shows-221431
