Now that the UK is in lockdown, what do the new measures mean for UK businesses?

This note explains which businesses must close and considers how the restrictions on movement of people impact on essential businesses.

For insolvency practitioners, the decision to close non-essential businesses will impact on what options are available if a business is in distress and has to go into an insolvency process.

It will also impact on the strategy for existing appointments – determining whether the company has to cease trading entirely, whether it can be mothballed temporarily or whether the business is essential and can be sold or traded.