After the year that we’ve just had someone might be forgiven for thinking that the only businesses thriving would be those who are involved in delivering Covid solutions. And it is true that a number of businesses and business sectors have been hit badly by the lockdowns. On the other hand, businesses have also shown how adaptable they can be; bringing in covid safe operations, enabling their people to work from home, and opening up business telephone and internet solutions for their customers.
The number of business closures in the fourth quarter of 2020 was 37% higher than in the fourth quarter of 2019. That’s not really surprising given the unique situation we find ourselves in as a result of the pandemic.