An Update on Winding Up Petitions & Liquidations

January 21, 2021

"Carnage" Predicted For Q3 2021...

I recently received an update from our financial broking partner. He had spoken with a highly respected professional who is involved in the insolvency world. He was told that:

• There are 80,000 Winding Up Petitions to be presented to the Court on or after April 1st, once the moratorium is lifted.

• That on average, there are 15,000 to 20,000 insolvencies per annum. However, in the next 18 months there will be an expected 500,000 insolvencies!

• In Q3 of 2021 "there will be carnage".

Our partner and his colleagues have over 20 years experience of funding restructuring and turning around of businesses. If you, or your clients, don't want to be a statistic within the carnage of Q3 2021, please contact us today!

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