Covid supports 'holding back tide on corporate insolvencies'

'The first half of 2022 might begin to reveal the true economic impact on the SME sector'

The number of small business failures could jump when the Government's Covid supports come to an end. Picture: Brian Lawless/PA
  

Company insolvencies are running at over a third below their normal levels which suggests the number of small business failures will jump when the Government's Covid supports come to an end.    

The figures are based on the number of insolvencies tracked by Deloitte, which finds there were only 278 company failures so far this year, up to the end of September, significantly lower than the 431 insolvencies in the same period last year.