Company Law Coursework, UKM, Malaysia The number of companies collapsing into insolvency in England and Wales has jumped by nearly 40% in a year
University | Universiti Kebangsaan Malaysia (UKM) |
Subject | Company law |
The number of companies collapsing into insolvency in England and Wales has jumped by nearly 40% in a year, as soaring energy prices, high inflation, and rising interest rates take their toll.
There were 1,948 company insolvencies in England and Wales last month, the Insolvency Service reported, up 16% from September’s total of 1,684. That figure is 38% higher than in October 2021, when there were restrictions on winding up companies during the Covid-19 pandemic, and 32% higher than in 2019.
It showed how companies in England and Wales were facing a “worsening situation”, said Jeremy Whiteson, a restructuring and insolvency partner at the City law firm Fladgate.
Two in five established businesses are concerned they could face insolvency or mass redundancies as the UK enters into a recession, according to a survey by Allica Bank.
Claire Burden, a partner at the professional services firm Evelyn Partners, said a survey of more than 500 small business owners by Censuswide showed that nearly a quarter had sold or remortgaged their homes to raise funds for their companies and a further 22% had invested personal savings.
David Hudson, a restructuring partner at the business advisory firm FRP Advisory, said inflation was hurting firms badly. “On the ground, inflation is devastating margins and throwing into doubt historically sound business models, which is eating away at confidence, undermining recovery plans and, crucially, testing the resolve of lenders,” he said.
Get Help By Expert
Searching for reliable assignment help Malaysia? Stop searching here! We are your go-to destination for top-notch academic assistance, whether you need help with thesis, essays, or any other type of assignment. Our team of skilled writers and editors are dedicated to providing you with high-quality work that meets your specific needs and requirements. Plus, we offer competitive pricing and fast turnaround times, so you can get the help you need when you need it. Don't let academic stress get you down – trust Assignmenthelper.my for all your assignment needs. Contact us today to learn more!
Recent Solved Questions
- Statistical Decision Making Assignment, SU, Malaysia Briefly describe your chosen research area or problem statement, and identify the issues to be investigated
- Human Organs Application Edu Science Assignment, SU, Malaysia In the era of information explosion, knowledge acquisition is no longer limited to inside school or classroom
- BBUI3103: EMPLOYMENT AND INDUSTRIAL LAW, OUM, Learners are required to write the meaning of contract of service and contract for service and discuss several tests used by the Court in determining
- General information about the organization (Short company profile. May include Vision, Mission: Strategic Human Resources Management Assignment, SU, Malaysia
- AIX2001: Research Methodology Research Paper, UM, Malaysia What is the impact of sexual content on Tiktok banning provocative videos? What is the relationship between the prevalence
- LAW416: Business Law Assignment, UiTM, Malaysia Karim ordered 100 packets of gummy bears from Julie. He instructed Julie to pack 20 packets in 5 boxes to be sent
- Bachelor of Economics Assignment, HU, Malaysia Students are required to look through the given articles in HLMS and choose one of the topics which they are comfortable
- DOM6034: Corporate Finance Report, HU, Malaysia Mystery Ltd Statement of profit or loss and other comprehensive income for year ended 31 December
- Accounting Assignment, UTM, Malaysia Mr. Arif received his monthly bank statement for the month ended 31 March 2022 on 15 April 2022
- BMIT5103: Information Technology for Managers Assignment, OUM, Malaysia Information technology has revolutionized the banking industry, enabling online banking, mobile payments