Analysis by DSA Connect, an IT asset disposal company which specialises in the permanent deletion and destruction of electronic data, reveals nearly 1,200 businesses have closed every day in the past six months.

DSA Connect’s analysis of Government data shows 214,930 companies shut down in the six months to 31 March 2021. The last three months of 2020 saw 103,785 firms go out of business and the number closing rose 7 percent to 111,145 in the first three months of this year.

Companies in the professional, scientific, and technical sector were the most likely to stop trading in the six months with 38,530 shutting, acco...