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.
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
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
- CHE471: Chemical process principles I Assignment, UiTM, Malaysia There are some electroplating factories around the Klang Valley area, that do not have good facilities for wastewater treatment
- Advanced Digital Forensics (ADF), Individual Assignment, APU, Malaysia
- BBUI3103: Employment And Industrial Law Assignment, OUM, Malaysia Identify and discuss tests that are usually considered by the court in determining the employer-employee relationship
- Islamic Financial System Assignment, LU, Malaysia Banks in distress present a threat to orderliness and stability in financial markets. Left unresolved, users and providers
- Legislation Assignment, OUM, Malaysia What is the Factory and Machine Act 1967? Why was the promulgation of this Act necessary? Who is the enforcement authority
- What is the level of awareness amongst the students of Islamic finance, Accounts, and Economics: Islamic banking & finance Thesis, IIUM, Malaysia
- Introduction to C Programming Assignment, UON, Malaysia Explain the essential facts, concepts, principles, strategies, and theories relating to Information Technology applications
- Operations Management Case Study, RVU, Malaysia How does Flextronics’ operations strategy help the company satisfy its customers and What specific operations competencies must Flextronics
- Identify a conflict on the theme of change that is explored in the novel and argue: Malaysian Popular Literature and Culture Assignment, UNM, Malaysia
- Personnel and Career Development Counselling Report, MUM, Malaysia I’m the oldest child, so technically I’m like the third Baron in the family, so when I was young I am when my parents