Member Article
Government support for businesses during the pandemic has failed to prevent a significant rise in corporate insolvencies across England and Wales through the second quarter of the year – but it has still provided an essential lifeline for many struggling firms and stopped the situation being much worse.
Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, after the corporate insolvency figures for England and Wales for the second quarter of 2021 revealed an increase of more than 31% on the figures for the first three months of the year.
The new Insolvency Service statistics show that there 3,116 corporate insolvency cases lodged between April and June this year, compared to…
Read the full article at: https://bdaily.co.uk/articles/2021/08/05/business-protection-measures-fail-to-stop-sharp-rise-in-corporate-insolvencies-through-second-quarter-of-2021