Liverpool City Region COVID-19 statistics - 2020-06-18

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Liverpool City Region COVID-19 statistics
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This page last updated on 18 June 2020

SME supply chains feel the strain due to Covid-19

MORE SME's are changing their credit terms with their suppliers due to Covid-19, finds the latest results from the ACCA UK and The Corporate Finance Network (The CFN) SME Health Tracker. The survey of accountants, representing nearly 19,000 SME clients, also shows that the current business environment of opening up is slowly easing the intense strain on anxious SME's; 69% of accountants reported their SME clients had shared feelings of being more stressed and anxious than usual, compared to a Tracker high of 75% last week. This week's Tracker reveals a new pressure on SME's; managing their credit terms with suppliers. 32% are changing their terms, a necessity at this time due to concerns about the financial stability of their customers and to protect liquidity in their own business.

The results which closed on the 17 June 2020 also show:-

► 2.9% of SMEs say they've decided to liquidate their business.

► 15% say they feel that social distancing requirements as they currently stand will make it impossible / unviable to reopen their business; compared to 12% last week. This is a sign of reality kicking-in for many SMEs.

Kirsty McGregor, founder of The CFN network comments:- "Altering credit terms needs to be handled very carefully to balance the equation of protecting relationships while also ensuring cash flow is more secure. SME's often have a delicate supply chain and this has become all the more fragile due to Covid-19. This is the reality of where SME's are right now; it's a way to protect a business's cash flow and liquidity and is an indication of loans not working for some."

Claire Bennison, head of ACCA UK adds:- "Tracking the wellbeing of SME owners has been sobering. Accountants are hearing 1st hand from their SME clients about their concerns and fears, and while we've seen a decline in sentiment this week, the feedback is still alarming. We predict this will fluctuate in coming weeks as SME's experience the reality of what unlocking truly means for them and the UK economy."

Total UK cases COVID-19 cases - update for Liverpool City Region and surroundings

ON the day a 13 day old baby becomes 1 of UK's youngest victims of the virus, the total number of officially reported UK Coronavirus (COVID-19) infections that have been laboratory confirmed, within the UK, has risen by 1,218 cases and the total number now stand at 300,469, that includes tests carried out by commercial partners which are not included in the 4 National totals.

Daily number of COVID-19 associated UK fatalities added to the total, was sadly reported to be 135 according to the Department of Health. The total number of deaths of people who have had a positive test result confirmed by a Public Health or NHS laboratory is 42,288.

In England, there are a total of 158,078 confirmed cases. North West - total of 26,911 confirmed cases. The number of laboratory confirmed cases within the following Local Authorities, in and around the Liverpool City Region are as follows:-

► Liverpool, 1,670 confirmed cases.

► Sefton, 967 confirmed cases.

► Wirral, 1,352 confirmed cases.

► St. Helens, 762 confirmed cases.

► Halton, 412 confirmed cases.

► Blackpool, 677 confirmed cases.

► Blackburn with Darwen, 422 confirmed cases.

► Bolton, 1,047 confirmed cases.

► Bury, 809 confirmed cases.

► Cheshire West and Chester, 1,220 confirmed cases.

► Cheshire East, 1,325 confirmed cases.

► Lancashire, 3,808 confirmed cases.

► Manchester, 1,697 confirmed cases.

► Oldham, 1,142 confirmed cases.

► Rochdale, 870 confirmed cases.

► Stockport, 1,074 confirmed cases.

► Tameside, 844 confirmed cases.

► Trafford, 871 confirmed cases.

► Wigan, 1,229 confirmed cases.

UK Government Coronavirus Press Conference on 18 June 2020

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