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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...

Money worries on rise in North West – with cost of food a key factor

Money worries are on the rise in the North West, according to new research from the insolvency and restructuring trade body R3. The research shows that 41% of people in the region say they sometimes or often struggle to payday, up from 36% in February 2017, while 43%...

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...

Competition for developers ‘putting tech firms under pressure’

Competition for skilled developers is putting firms under pressure and could potentially stifle the growth of the North West technology sector, according to research by the insolvency and restructuring trade body R3 in conjunction with Manchester Digital. They say...