A notable monthly increase in corporate insolvencies indicates the negative impact of the pandemic on businesses, but the ability of companies to reinvent themselves over the past twelve months should give cause for economic optimism.
This is according to the Midlands branch of insolvency and restructuring trade body R3 and comes on the back of latest figures published (15/04/21) by the Governments Insolvency Service showing that corporate insolvencies in England and Wales increased by 44.8% to 992 in March, compared to Februarys figure of 685.
The monthly rise in corporate insolvencies comes after 11 months of relatively low levels of company insolvency procedures, as the Governments support has provided many businesses with a vital l…
Read the full article at: https://www.eastmidlandsbusinesslink.co.uk/mag/finance/corporate-insolvencies-start-to-rise-as-pandemic-takes-its-toll/
