26th March 2021
We’re pleased to share our monthly insolvency summary, informed by the various official government statistics, with you. This report tracks the economic impact of the pandemic on companies and individuals, across England, Scotland, Wales and Northern Ireland. Helping to answer important questions about whether increased indebtedness and furlough is masking the real problems that companies are in, and whether we will see a spike of insolvencies when the government support does eventually stop? When viewing this report it's worth noting that during COVID 19, reduced operational running of the courts and HMRC enforcement, restrictions of statutory demands, and enhanced government financial support for companies and individuals has kept company and individual insolvencies low when comparing YOY.