Company insolvencies in the furnishing and floorcovering sector have remained at historically low levels, despite the challenges of the pandemic.
Company failures in Q2 and Q3 of this year were running at about 50 per quarter, similar to the 2020 statistics, and substantially less than the pre-pandemic level of 80+ per quarter in 2019.
The statistics, compiled by The Furnishing Report, show a sector that has survived and thrived during Covid-19 despite lockdowns and supply-chain challenges.
Commentators suggest that buoyant customer demand linked to generous Government support schemes has kept companies alive.