Nearly 2,000 businesses derailed
The latest figures from The Insolvency Service show an increase in registered company insolvencies in England & Wales of 79% to 1,817 in May compared with 1,014 in May 2021.…
Bounce-back loans – where are we now?
The bounce-back loans, CBILS and CLBILS for larger companies were some of the most generous schemes available to businesses suffering from the impact of lockdowns due to the Covid-19 pandemic,…
HMRC’s tax take falls by billions due to pandemic
HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In its 2020/21 annual report,…
Ticking timebomb as temporary pandemic business support draws to a close
The end of September could signal the end of the road for many UK businesses, as on October 1 temporary measures introduced by the Corporate Insolvency and Governance Act 2020…
