A rise in company insolvencies during the past three months is being seen as evidence that unlocking the economy has not produced the boost businesses were hoping for.
R3, the insolvency and restructuring trade body which covers the South West, said a combination of low consumer confidence and a lack of mobility have hampered the economy despite the easing of anti-Covid restrictions.
It pointed to new figures which showed corporate insolvencies hit their highest quarterly total in 18 months. R3 said the increase is possibly due to some company directors opting to close their businesses before the situation deteriorates further.
The statistics for Q2 2021 from the Insolv…
Read the full article at: https://www.business-live.co.uk/enterprise/rise-insolvencies-seen-evidence-fragile-21221020
