January 31, 2022

Record level of company insolvencies as Covid relief ends

The highest quarterly insolvency figures since records began 62 years ago.

Voluntary liquidations hit record levels in the last quarter of 2021 as government coronavirus support measures ended, sobering new figures have revealed.

According to a report in The Times newspaper, over 4000 businesses shut down between October and December after a ban on insolvency proceedings was lifted.

Published by The Insolvency Service, this is the highest quarterly figure since records began 62 years ago.

Holders of BBLS and CIBLS need to challenge their Loans in order to avoid insolvency – which we will do for you.

Read more here (The Times - Paywall)

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