1 in 5 in North West has outstanding credit card balance for 6 months
One in five (20%) North West adults have had an outstanding credit card balance for at least six months, while one in 25 (4%) has had an outstanding balance for …
Business insolvencies continue upward trend
The number of business insolvencies continued its upward trend in the second quarter of the year, according to the latest official figures released today. While the number of insolvencies was …
Young women in North West most likely to become insolvent
The number of personal insolvencies in the North West Increased for the second year running in 2017 – with women being more likely than men to be affected, according to …
Jean is new chair of R3 North West women’s group
The R3 North West Women’s Group, which represents female insolvency and restructuring professionals in the region, has appointed Jean Boldero as its new chair. Jean, who is a legal director …
1 in 5 North West companies are victim of ‘domino effect’
Around one in five, (19%) of Northern companies may have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the last six months, …
Ladies’ lunch raises over £3,700 for Mustard Tree
The R3 Ladies’ Lunch, which was held at the Lowry Hotel in Salford and was once again a sell-out, has raised over £3,700 for charity – its second-highest amount ever! …
CVA process in need of reform, says R3
A leading North West insolvency practitioner is calling for reforms to improve the effectiveness of CVAs, a common restructuring process used by high street retailers. House of Fraser has become …
Fall in business numbers show start-up boom may be coming to an end
The number of active businesses in the North West fell by over 1,600 in May after reaching record levels the previous month, according to research by insolvency and restructuring trade …
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 …