The level of business distress in the North has hit a record low, according to new research by insolvency trade body R3. Only 5% of businesses in the region are …
Category Archives: R3
Business insolvencies at lowest for 8 years
The number of business insolvencies fell to below 4,000 in the second quarter of 2015 for the first time since 2007, according to official figures released today. It is the …
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 …
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 …
R3 welcomes plans to stop businesses being held to ransom
Government plans to stop utilities and IT service suppliers from changing their terms to struggling businesses undergoing a rescue procedure have been welcomed by the insolvency trade body R3. The …