Vale & West Chartered Accountants Blog

Category Archives:Covid-19 Insolvency

Company insolvencies: over 8,700 chain stores have closed

Recent research shows that in 2021, over 8,700 chain stores have closed due to the major shift in online shopping – partly caused by the coronavirus pandemic. Read More

Government urged to extend COVID business support measures

The Government is being urged to extend emergency coronavirus support in the upcoming Budget with a recent study warning that businesses face a £50 billion shortfall when the support measures end in April 2021. Read More

Insolvency: 900,000 UK businesses are ‘at risk’ of closure

One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business support measures due to close in March and April, according to the latest research. Read More

One in ten businesses at moderate risk of insolvency according to ONS

According to the latest statistics published by the Office for National Statistics (ONS), around one in ten businesses claim their risk of insolvency is moderate or severe, with the majority of those seeing their turnover fall by more than half this year. Read More

New Corporate Insolvency and Governance Bill to extend accounting deadlines

The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested. Read More

One-third of SMEs ‘may never re-open’ after Covid-19, study reveals

One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research. Read More

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