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Business rates and Brexit uncertainty increases insolvency numbers

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 restructuring trade body R3. The latest official figures show the...
2 in 5 ‘bricks and mortar’ retailers now at risk in North West

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 restructuring trade body R3. It shows that nearly 6,200 ‘bricks and mortar’ retailers are...

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 announced on Sunday and represent the biggest changes to the corporate...

Cost of food is most likely reason families struggle to payday

Three in ten adults in the North West (29%) struggle to reach payday – with the cost of food most likely to be the cause of this, according to research by the insolvency trade body R3. Its latest survey shows that almost half (48%) of adults living in the region who...

Katie Price case shows why people turn to IVAs

The decision by businesswoman and former glamour model Katie Price to work with her creditors to try and agree an Individual Voluntary Arrangement (IVA) has shone a spotlight on a procedure many might not have heard of – but it’s actually the most common form of...

North West figures show it’s not all gloom on the high street

The number of restaurants and retailers in the North West continues to rise rapidly despite a string of high-profile failures in both sectors, according to research by insolvency and restructuring trade body R3. The figures show that the so-called ‘crisis in casual...