Consultancy firm PwC found that 25 large businesses entered CVAs between January and November compared to 13 in the whole of last year. Three quarters of those were retail, consumer, hospitality and leisure - the sectors hit hardest by restrictions introduced to bring Covid-19 case numbers under control.
Number of big companies seeking rescue deals doubles during coronavirus pandemic
Business News News
High street retailers and restaurant chains most likely to call for lifelines from creditors