Business marks first anniversary by reporting buoyant trading position

A Yorkshire-based business recovery firm is reporting strong trading figures after celebrating its first anniversary.

CB Business Recovery was established last Autumn in the height of the pandemic to assist companies battling for survival during successive Lockdowns and beyond.

Just over a year later, they have recruited a new member of staff and are now planning for the coming year as the UK continues to adjust to new trading conditions.

Speaking after the Government introduced new, temporary protections earlier this month for those still recovering financially, Chris Brooksbank said:

“Given that in general the insolvency profession has been stagnant, CBBR has outperformed its expectations resulting in an excellent first year both financially and statistically.

“The Government used emergency legislation to assist struggling businesses and, as a result, legal proceedings saw a lull.

“There are fresh concerns that we may see an anticipated spike over the next two years, as the restrictions, and assistance, lift.

“Most sectors have been impacted but hospitality and leisure have been among those hardest hit. We will be working closely with all interested parties to ensure that we are able to give the very best professional advice.”

Learn more by reading CB Business Recovery’s latest blog:

http://www.cb-br.co.uk/government-throws-new-lifeline-to-small-businesses/

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Note to editors: Chris Brooksbank is a Licensed Insolvency Practitioner, specialising in all aspects of corporate, personal insolvency and business recovery in a career spanning 30 years.