It has been reported that some 10% of restaurants will not re-open post Covid with many having taken advantage of the Government support schemes.
The leisure industry has also been badly hit and it is calling for more support after a year of having no income.
Even though restaurants can now re-open, it will be with restricted numbers and with no certainty that their customers will return. Many businesses within this sector are concerned about the mountain of debts which have accrued during Covid, including rent and rate arrears.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation and business health check, please telephone Stella Flemmings on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices. Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.
Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements. Our MVLs are from £995 + VAT + Disbursements.