More than 900,000 small businesses predicted to fail

Recent research has shown that there are more than 900,000 businesses are predicted to fail as a direct result of the pandemic.

Former prime minister Gordon Brown is calling on the Government to ‘construct a long-term business recovery plan’ in order to avoid widespread failures.

It will be interesting to see what further support measures the Chancellor announces in his Budget on 3 March 2021 as many organisations have expressed concerns that the current support measures end in the Spring.

For more information regarding the pandemic and advice for your business, please contact Stella Flemmings on 01377 257788 and she will arrange for you to talk to one of our insolvency professionals at any of our offices in Driffield, Hull, Grimsby, Scunthorpe or York. Meetings can be held virtually or at any of our offices whilst observing the socially distancing guidelines.

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