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Pandemic forces retailers to use CVAs, landlords cry foul
Pandemic forces retailers to use CVAs, landlords cry foul
Successive lockdowns have hammered retailers, with some turning to CVAs when landlords refuse to budge
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Despite the Office of National Statistics (ONS) reporting the UK economy shrank by 9.9 percent in 2020, insolvencies remain low, according to the latest quarterly report from the Insolvency Service.
The report found there was a 16 percent drop in the number of administrations and a 55 percent decrease in compulsory liquidations in 2020. Government support in the form of furlough, rate holidays and a moratorium on statutory demands have helped to keep many businesses afloat. ....

United Kingdom , Greater London , United Kingdom General , Martin Callanan , Lindsay Hingston , Freshfields Bruckhaus Deringer , Dominic Curran , David Baxendale , Office Of National Statistics , British Property Foundation , British Retail Consortium , Insolvency Service , Company Voluntary Arrangements , National Statistics , Kevin Ley , Melanie Leech , New Look , Freshfields Bruckhaus , Richard Tett , Corporate Insolvency , ஒன்றுபட்டது கிஂக்டம் , அதிகமானது லண்டன் , ஒன்றுபட்டது கிஂக்டம் ஜநரல் , மார்டின் காலனன் , லிண்ட்சே ஹிங்ஸ்டன் , ஆதிக்கம் செலுத்தும் குர்ரன் ,