COVID-19 Business News

Insolvency - letter cubes

Corporate insolvencies as pandemic restrictions fade

By PATRICE CROSBOURNE THE UK Government Insolvency Service has released statistics for corporate insolvencies in England and Wales for May 2022. An increase in corporate insolvencies...
Cybercrime costing millions as hackers ramp-up attacks

Cybercrime is costing UK companies millions as hackers ramp-up attacks

Studies reveal worrying trends as platforms go out-of-date and cyber attacks increase. HAL WILLIAMS reports. SMALL businesses in the UK are targeted by up to...
Pott'd founders Frankie and Sascha

A founder’s story, and some Pott’d history

Lockdown was indisputably dull, but as FRANKIE THOROGOOD recounts, the boredom led to an exciting business idea... THE INSPIRATION for Pott’d came during a Groundhog...
Hands, calculator, paperwork

Bid to ease virus impacts on cash flow ‘flawed’ — CEO

THE UK government’s proposed Coronavirus Business Interruption Loan Scheme (CIBLS) is coming in for some criticism. HM Treasury and the Bank of England last week...
Chancellor of the Exchequer, Autumn Statement

Sunak’s Budget brings relief to many – with a few misgivings

By HAL WILLIAMS THE BRITISH chancellor Rishi Sunak has announced the 2021 Budget, with pledges to help recovery from the Covid pandemic. The support package for...
Business concerns 2022

Rising inflation is top concern of small businesses for 2022

Research by lender iwoca has unearthed some concerns for business in 2022 WITH rising inflation predicted by the Bank of England and the threat of...
Women's Day graphic

Embracing the ‘Mama Bear Moment’: Gender-equality is moving on apace

On International Women’s Day, TEODORA GAVRILUT looks at how things are changing – mostly for the better AGAINST the backdrop of 2020’s challenges, there has...
Businessman in handcuffs. Covid scheme fraud illustration

Lengthy bans for directors who fiddled Covid scheme

AN AVERAGE of 35 directors are being banned by the UK Insolvency Service each month for abusing the Covid Support Scheme. That’s almost treble the...
Zara shop

Online push from Inditex as up to 1,200 stores to close

INDITEX, the Spanish owner of fashion and clothing stores Zara, Bershka, Pull & Bear and Massimo Dutti, will close up to 1,200 outlets around...
Business closed

UK firms on cliff edge as crisis continues, distress tracker reveals

MORE than a half-a-million UK businesses are facing a high risk of insolvency, and 250,000 may not survive another month without a change to...