Corporate insolvencies continue to rise year-on-year according to insolvency and restructuring trade body R3 in the South West.
Although the figures show a slight fall between June and July 2021, it was the third consecutive month in which year-on-year corporate insolvency levels have risen.
R3 said the month-on-month fall in corporate insolvencies was a result of a drop in compulsory liquidations, creditors’ voluntary liquidations (CVL), administrations and company voluntary arrangements (CVA). However, the year-on-year rise continues to reflect the effect the Covid pandemic has had on the business community.
The statistics for July 2021 from the Insolvency Service fo…
Read the full article at: https://www.business-live.co.uk/enterprise/covid-effect-causes-year-year-21379295
