Business RecoveryLatest News
Monthly insolvencies more than double year-on-year, data finds
Claire Burden, partner at Tilney Smith and Williamson, said businesses that ‘thrived’ under the pandemic are now at risk. Online low-cost retail businesses are now being put under ‘considerable pressure’ as they struggle to pass price increases onto customers for ‘fear’ of high volume demand falling away.
The number of registered company insolvencies in January 2022 was 1,560, more than double the number registered in the same month in the previous year (758 in January 2021).
You'll need to
subscribe to unlock this content. Already subscribed? Login?
