The West of England could see a steep rise in the number of corporate insolvencies this winter, a restructuring trade body is warning.
According to research from R3, there could be an increase as early as October.
The member survey of UK insolvency and restructuring professionals, found an overwhelming majority (93.7%) of respondents believed there would be an increase in businesses becoming insolvent.
Some 56% predicted the increase would take place between October and December, and more than half (56.1%) said numbers would be significantly higher than in 2019.
Respondents felt the main triggers for corporate insolvency advice over the next 12 months would be rent payments or arrears (61.7%), trade debts (49.7%), tax payments or arrea…
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