The looming insolvency crisis

By admin | 09/08/2022
A record number of corporate insolvencies in the first quarter of 2022 suggest the corporate sector faces a crisis

Back in May, we warned that a wave of company failures would hit UK firms in the latter half of 2022. Just three months later, it appears the situation may be even grimmer than predicted. This week, reports revealed that corporate insolvencies were up more than 80% in the past quarter compared to 2021. This…

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How to avoid the debt tsunami

By admin | 27/05/2022
A rise in corporate insolvencies in 2022 suggests that business are facing a tsunami of post-pandemic debt

According to the Insolvency Service, there was a 115% increase in corporate insolvencies last month, compared to the same period in April 2021. The increase from 925 registered cases follows the phasing out of the temporary insolvency measures brought in to protect companies from creditor action during the pandemic. The insolvency industry had warned of…

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