Firms have been protected from creditor “action” during the Covid-19 pandemic, but these rules will start to disappear from 1 October, following the lifting of restrictions around the UK in the past few months.
Although the government is promising some new measures to “help smaller companies get back on their feet to give them more time to trade their way back to financial health before creditors can take action to wind them up”.
These new measures are being particularly aimed at retail businesses as well as the hospitality and leisure sectors.
