One of the North’s most iconic hotel and entertainment venues has been bought out of administration in a multi-million pound deal …
Category Archives: Finance
Women in insolvency lunch raises £4k for charity
A lunch in Manchester organised by women in the insolvency profession has raised £3,950 for charity. Around 300 people attended the R3 Ladies’ Lunch at the Lowry Hotel, where the …
North West has highest rate of business rescue
The North West has the highest rate of business rescue in the country with half of businesses (52%) declared insolvent surviving in some form. A new report by R3 shows …
Half of Northern businesses are victims of late payment
Almost half of all businesses in the North (49 per cent) have had invoices paid late by customers in the past six months, according to research by R3, the trade …
4 requests from the new government
As the country goes to the polls today, here are the 4 key priorities that R3 would like to see from the new government: 1. Time to ‘bed down’ recent …
Payday loans on decline in North West
The popularity of payday loans is on the wane in the North West according to research by R3, the trade body for insolvency practitioners. It shows the number of people …
Time for last orders for traditional pubs?
Traditional pubs are suffering an identity crisis, with more than a third of North West establishments struggling for survival, according to the insolvency trade body R3. Figures produced by R3 …
Small firms warned to beware new scam
Fraudsters are using a new scam to target small firms at networking events, an SME finance provider has warned. Ashley Business Finance says firms should beware of new business contacts …
Government backs down after R3’s ‘Save our £160m’ campaign
A legal change which could have allowed rogue company directors to walk away with £160m a year of creditors’ money has today been put on hold – just a month …