Could Europe's corona mess lead to over half small and medium sized companies go bust?

In late October 2020 we wrote the following;

"Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by management consultancy McKinsey on Thursday.

The McKinsey survey of more than 2,200 companies in five countries - France, Germany, Italy, Spain and Britain - found that 55% expected to shut down by September next year if their revenues remained at current levels."