0800 987 1040

Tag: COVID-19

insolvency declined in 2020
insolvency declined in 2020
Debt Statistics

Company Insolvency Statistics for July 2020 show a continued Decline

Since the start of the Coronavirus crisis, the Insolvency Service has been issuing monthly statistics in addition to the usual quarterly reports in order to provide more timely indicators of the impact that COVID-19 is having on insolvencies.  Company Insolvencies in July In July 2020 there were 955 company insolvencies in England & Wales, broken […]

Read More

By Robin Tarling

businesses in financial distress
COVID-19 Debt Statistics

COVID-19 is causing significant financial distress for business – so why are Company Insolvencies so low?

Since the start of the Coronavirus crisis, the Insolvency Service has been issuing monthly statistics in addition to the usual quarterly reports, in order to provide more timely indicators of the impact that COVID-19 is having on insolvencies.  Whilst the numbers are presented as “provisional” they nevertheless indicate some surprising trends and in this article […]

Read More

By Robin Tarling

Insolvency Law

Bounce Back Loans and the Risks for Directors in Insolvent Situations

The Government’s loan support schemes have helped many businesses to weather the storms caused by COVID-19.  By the end of June, over 1 million loan applications had been approved amounting to total lending of £42.9bn, of which £29.5bn related to the Bounce Back Loan (BBL). Unlike the Coronavirus Business Interruption Loan (CBIL), for which there […]

Read More

By Robin Tarling

Advice you can trust.