Corporate insolvency rise indicates start of struggle for businesses profitable pre-Covid

A month-on-month rise in the number of corporate insolvencies in England and Wales may indicate that businesses which were healthy and profitable pre-COVID-19 are now starting to struggle.

This is according to the Midlands branch of insolvency and restructuring trade body R3 and comes on the back of figures published by the Government’s Insolvency Service which show that the number of companies entering insolvency increased to 926 in September 2020 compared to August’s figure of 784.

Manolete Partners (LON:MANO) work alongside IPs from all of the “Big Four” through to one and two partner specialist insolvency and restructuring practices in the regions. Manolete finances the work of the Insolvency Practitioner and their lawyers to make optimal recoveries for the creditor estates and takes on all the risk.

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