Survey reveals debt struggles for North West firms
One in six (16%) North West companies is just paying the interest on its debts, rather than repaying the debt itself, according to new research from the insolvency and restructuring …
1 in 3 in North West would struggle to pay an unexpected £50 bill
One in three North West adults (32%) would find it somewhat difficult, very difficult or impossible to pay an unexpected bill of £50 immediately, without assistance from an external source, …
Figures reveal sharp fall in North West businesses number
The number of active businesses in the North West fell by almost 5,000 in December, according to research by insolvency and restructuring trade body R3. The sharp drop – which …
Pub numbers fall but jobs increase, new figures show
Almost one in four UK pubs have closed in the past decade with smaller, rural pubs being the worst affected, according to new figures from the Office of National Statistics. …
Northern firms have highest insolvency rates, new figures show
Northern businesses have the highest insolvency rates in the country, according to new government figures which give a regional breakdown of insolvencies for the first time. The figures, released today, …
Business rates and Brexit uncertainty increases insolvency numbers
The number of business insolvencies rose again in the third quarter – with business rates, uncertainty over Brexit and traffic congestion being partly to blame, according to the insolvency and …
2 in 5 ‘bricks and mortar’ retailers now at risk in North West
The proportion of North West high street retailers with an elevated risk of insolvency has leaped from 36% to 41% in just six months, according to research by insolvency and …
News and comment from the insolvency profession in the North West
Find the latest North West news from R3, the trade body for insolvency and restructuring professionals, on our R3 North West page. We can also provide spokespeople for TV and …
Insolvency professionals welcome clampdown on rogue directors
Government plans to clamp down on directors who dissolve companies to avoid paying workers or pensions have been welcomed by insolvency practitioners in the North West. The proposals, which were …