Surprisingly corporate insolvencies have been very low during the pandemic, even when compared to good trading conditions. There are many reasons for this, but one is undoubtedly the restrictions on creditors issuing winding-up petitions. July 2021 had 84% fewer compulsory liquidations than 2019 and 73% fewer administrations. From 1 October the restrictions have been relaxed and HMRC for one has indicated it will use the procedure in the appropriate cases.