Experts Predict Jump In Insolvencies As Gov't Measures Ease
By Najiyya Budaly (November 8, 2021, 5:56 PM GMT) -- Insolvency experts say that a jump in the number of the most recent voluntary liquidations for 2021 signal a coming wave of corporate restructurings and failures at the start of next year as tapering government support hits troubled businesses.
There were 3,765 company insolvencies in England and Wales between July and September, 17% higher than the 3,226 in the second quarter and 43% higher than the 2,624 during the same period in 2020, according to government figures published at the end of October.
The overall increase in company insolvencies was driven by a rise in creditors' voluntary liquidations, which accounted for 92%,...
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