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Dramatic increase in the number of companies ceasing to trade despite recovery

5,300 businesses have shut their doors so far this year

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There has been a dramatic increase in the number of companies ceasing to trade this year, with thousands of firms voluntarily closing even as the economy recovers from the Covid shock.

New data by credit risk analyst CRIFVision-Net shows a 48pc annual increase in firms lodging “ceased trading” notices in the third quarter, when most business sectors were fully reopening. 


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