Businesses born in 2020 are failing fast

A record number of new companies were born during 2020 (source: BankSearch Business Start Up Data).

Some wanted to take advantage of the government’s financial support packages offered during the first Covid lockdown and others had time on their hands and were just “giving it a go”.  

But nearly two years on and the level of business deaths of the 2020 Covid cohort has been eye watering; our Survival forecasts suggest that the level of 2-year business failures will be the highest on record. 

Contact us to find out what the outlook is for the survival of businesses in your area.