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Richard Ludlow

Partner - West Kent (Hadlow)

24th March 2022

Businesses brace for insolvency storm as Covid aid winds down

A latest report shows “over half a million UK businesses are struggling financially amid soaring inflation and the rollback of government Covid-19 support.” A total of 589,168 businesses reported financial distress in the final quarter of 2021, a five per cent jump compared to the previous three months, data from Begbies Traynor has revealed. Support services, construction and real estate are amongst the hardest hit sectors. Read the full report: https://www.cityam.com/businesses-brace-for-insolvency-storm-as-covid-aid-winds-down/

Contact our insolvency lawyers in West Kent (Hadlow), Ashford, Brighton & Hove, and Uckfield

If you are a director of a company and are facing issues with debts, or if you have questions regarding dissolving a company, then please get in touch and we can discuss the various options you have available. Contact partners Richard LudlowDan Sherlock or Alistair Rustemeyer in our Restructuring & Insolvency team or call 01732 441695 for an initial conversation on your individual options.