Company insolvencies significantly last month. Still 18% lower than June 2019 but 63% higher than June 2020. 1,116 company voluntary liquidations were registered. Full story at thfr.co.uk/monthly-insolvenc…
Bank of England Financial Stability Report Recent report highlights growing pressures on small businesses thfr.co.uk/effect-of-covid-o…
Insolvency levels expected to rise. Full report on our News Page, link as above
#insolvency #liquidation #insolvencyadvice #Insolvencypractitioner
Covid business support scaled back from 1 July. How will businesses, small & large, in sectors such as hospitality and travel fare? Scale of abuse shocking. How many firms will be forced into liquidation whilst others profit. See thfr.co.uk for news item.
Latest insolvency statistics released on April 18. Numbers company case numbers down but personal insolvency cases up. Review on our website:-
thfr.co.uk/insolvency-statis…
Although optimism seems to be growing, still a lot of financial stress for both businesses and individuals.
Heard / read a couple of interesting interviews and articles concerning the potential insolvency threats business owners may need to reflect on.
thfr.co.uk/insolvencies-like…
For help, advice and support, please check our website for information and contact details.
The Insolvency Service released the March Insolvency Statistics in the last few days.
Perhaps not as bad as some were expecting, but 5 million people still on furlough! No doubt pressures on cashflow will increase as this safety net is withdrawn.
Link thfr.co.uk/march-insolvency-…
Check out my latest article: Covid19 Swings and Roundabouts linkedin.com/pulse/covid-19-… via @LinkedIn
Got to feel sorry for all those outside venues opening up again. As lockdown started a year ago, weather warm & sunny.
Looking now – cloudy and it is freezing! You have to be hardy to sit outside today!
Hopefully improving in days to come - Hospitality sector deserves a break
Reported on Insolvency Service website, “The government has announced a “Digital Markets Unit (DMU) has been established within the CMA to begin work to operationalise the future pro-competition regime for digital markets.”
Anybody care to translate?
Having listened to latest statements, seems lockdown is still going to be eased? Let’s see what Monday brings.
Will shops & outdoor venues be busy? Seems the jury is out. Will hairdressers, gyms & golf courses be busy – almost no doubt about it.
Great for staff back in work!
As we come to the end of the working week, and a after enduring a year of lockdown and listening to all the other woes of the week, hopefully we can all have some time to relax by with those closest to us and concentrate on the positives we all have in our lives. Enjoy your break
Covid19 rules and advice in a state of flux yet again.
What effect is the pandemic having on company insolvency. Corporate Insolvency statistics for August issued by the Insolvency make interesting reading.
thfr.co.uk/corporate-insolve…
Lancashire Business View reporting 350 local jobs are at risk at Rolls Royce if two Barnoldswick sites are consolidated. These are in addition to 200 planned cuts already announced.
A real blow to the people affected, employees and local suppliers.
#EconomicCrisis #redundancy
Help for struggling businesses. Some positive news stories around but still grim for many businesses struggling to get through this pandemic. New legislation passed yesterday should help but only if directors hear about it!
If you know anyone in difficulty, ask them to get advice
Further changes to the Business Support packages offered by the government. Will these sustain small businesses until the economy recovers?
thfr.co.uk/coronavirus-suppo…
#FurloughScheme #insolvency #businesssupport
#economy
More changes to the furlough scheme. What will they mean for your business. Can struggling firms afford extra costs? But can government afford to keep paying wages?
thfr.co.uk/job-retention-sch…
Bank of England forecasts worst contraction since 1706 but a bounce back to pre covid19 levels by mid 2021. What effect on personal finances
thfr.co.uk/bank-economic-rep…
Company Insolvencies Q1 2020
Perhaps surprisingly the number of company insolvencies fell in the 1st quarter of 2020. However, there are reasons for this. lnkd.in/g4f-5Aw
Every days things are changing! Business bounceback loans will be welcomed by many but the question remains - Who will want to take on debt when the economy is still locked down?
thfr.co.uk/bounce-back-loans