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Business insolvencies at highest level for four years

Company insolvencies in the first quarter of the year rose by 13% in real terms on the previous quarter to reach the highest level in four years, according to the latest official figures released today. The figures show that excluding one-off ‘bulk insolvency events’,...

Business growth falls in North as 1 in 3 show signs of distress

The number of Northern businesses showing signs of growth is at its lowest for over five years, while the number showing signs of distress has reached a three-year high, according to new research by insolvency and restructuring trade body R3. In its latest survey,...

North West high street see rise in businesses at risk

The number of North West retailers at elevated risk of financial failure has risen sharply in recent months, according to research by insolvency and restructuring trade body R3. The figures show that the number of high street retailers in the region considered at...

Sharp fall in insolvencies ‘a surprise’, says R3

New figures which show that business insolvencies fell sharply in real terms in the three months to the end of June are at odds with the picture on the ground, according to North West insolvency practitioners. The Insolvency Service statistics released today show that...

Women in North West increasingly more likely to be insolvent than men

The number of personal insolvencies in the North West has risen for the first time in six years, according to the latest government figures published today – and an analysis by the insolvency and restructuring trade body R3 shows that women are increasingly more...