One in seven companies risk collapse in the next 12 weeks

19 November 2020

One in seven companies risk collapse in the next 12 weeks

The Office for National Statistics share this morning, results from a survey it conducted, detailing that one in seven companies is at risk of collapse in the next three months.

The survey was based between 19 October and 1 November 2020.

What else was found?

  • 14% of British businesses have low or no confidence that they will survive the next 12 weeks
  • The least positive results came from accommodation and food services (34%)
  • 7% of businesses said they expected to temporarily or permanently close a site in the next two weeks

Sky News report more.

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