Insolvencies in the Leisure Sector

2022 has been a bad year for business, with insolvencies continuing to rise each financial quarter across the UK. With a worsening recession, Russia’s war in Ukraine and fears of a looming energy crisis approaching this winter, countless companies have been announcing insolvency measures or closing their doors completely.

The leisure sector has been particularly hard hit, with post-pandemic recoveries failing to materialise at a hoped-for level. This August, the leisure sector took an enormous blow when Cineworld – one of the world’s largest cinema chains – announced that it had become insolvent.

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