By Phil Deyes from Leonard Curtis Leeds
If I had received a 1 over the last 12 months for every person that has said to me that insolvency practitioners must be rushed off their feet, I would have had a tidy sum saved up by now!
In fact, the number of insolvencies in England and Wales are down considerably. In Q1 2021, there were a total of 2,384 company insolvencies, including 2,047 creditors voluntary liquidations (CVLs), 108 compulsory liquidations, 192 administrations, 37 company voluntary arrangements (CVAs) and no receiverships.
The total company insolvencies in Q1 2021 decreased by 22 per cent from Q4 2020 and a 38 per cent decrease from the same quarter in the previous year.
This pattern has been consistent throughout the pand…
Read the full article at: https://www.thebusinessdesk.com/yorkshire/news/2075949-why-the-fall-in-corporate-insolvencies-must-not-lead-to-complacency
