Every month R3 provides commentary on the Insolvency Service’s corporate and personal statistics, but what are the current trends in corporate insolvencies, how do they compare to pre-pandemic levels, and how have different industries across England and Wales been affected so far in 2022?

R3's parliamentary engagement led to the profession's views being raised over 20 times during debates in both the House of Commons and House of Lords, with the key mentions included in the video within this post. 

After a year like no other, and with considerable uncertainty remaining about what will happen in coming months, directors and business owners could be forgiven for being unsure about the best path forwards.

The Covid pandemic has altered much of the UK’s – and the world’s – business environment out of all previous recognition. But one pre-pandemic phenomenon, that of the so-called ‘zombie’ business, has been brought into sharp focus, amidst fears that the conditions created by the Government’s response to the economic crisis has greatly increased the number of them.

As lockdown restrictions lift and the UK gradually returns to normality, many businesses will soon face a new challenge – repaying the Government-backed COVID-19 business loans that have helped to keep them afloat in recent months.

A list of sources of advice and support for businesses and individuals affected by the coronavirus/Covid-19...