Debt worries in North West reach five-year high
Almost half of all adults (48%) in the North West are worried about their current level of debt – up from 34% a year ago and the highest level in five years, a new survey by insolvency trade body R3 has found. The figures also show that the number worried about debt...
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Income figures show North-South gap is widening
‘Northern Powerhouse’ residents have the lowest levels of disposable income of anywhere in the UK, and the gap with the South is getting wider, according to new government figures. The Office for National Statistics’ regional gross disposable household income figures...
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Amy is new chair of R3 young professionals group
The R3 North West New Professionals Group, which organises networking events for insolvency and restructuring professionals in the early stages of their career, has appointed Amy Lowden-Brown as its new chair. Amy, who takes over from the previous chair Nicola McAvoy,...
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10 ways PR can help property developers and agents
Whether you are a developer, a real estate agent or other type of property professional, PR is one of the most cost-effective ways to promote your business and position yourself as an expert in the field. A property PR agency will help you to generate free editorial...
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How industry analysts can help promote your tech firm
Industry analysts such as Gartner and Forrester might be familiar names, but tech businesses are often unaware of exactly what they do or how they can help to promote their business. Here we explain the importance of building relationships with analysts and how to...
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Record year as Turquoise PR advises on 60 deals in 2018
Turquoise PR advised on 60 deals in 2018 – our largest number in any year to date. They ranged from management buy-outs, acquisitions and sales to investments by angels, private equity funds and other funding providers. We acted on behalf of investors, advisers and...
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Personal insolvencies reach seven-year high
The number of personal insolvencies reached 115,299 in 2018 - an increase of 16% on the previous year and the highest annual total since 2011, according to figures from the government’s Insolvency Service released today. The rise was driven by an increase in...
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10% rise in business insolvencies
The number of corporate insolvencies rose by 10% in real terms in 2018 compared to the previous year, according to figures released today by the government’s Insolvency Service. They show that there were 16,090 business insolvencies during the year. While business...
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Survey reveals debt struggles for North West firms
One in six (16%) North West companies is just paying the interest on its debts, rather than repaying the debt itself, according to new research from the insolvency and restructuring trade body R3. R3’s latest Business Distress Index also found that 18% of North West...
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Figures reveal sharp fall in North West businesses number
The number of active businesses in the North West fell by almost 5,000 in December, according to research by insolvency and restructuring trade body R3. The sharp drop – which is only the third fall in the past two years – is a further indication that the...
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Pub numbers fall but jobs increase, new figures show
Almost one in four UK pubs have closed in the past decade with smaller, rural pubs being the worst affected, according to new figures from the Office of National Statistics. They show that in the North West, parts of East Lancashire have lost the greatest proportion...
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Northern firms have highest insolvency rates, new figures show
Northern businesses have the highest insolvency rates in the country, according to new government figures which give a regional breakdown of insolvencies for the first time. The figures, released today, show that the North West is in third place in England and Wales...
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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...
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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...
read moreInsolvency 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...
read moreCost 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...
read moreKatie 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...
read moreNorth 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...
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