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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1 in 3 in North West would struggle to pay an unexpected £50 bill
One in three North West adults (32%) would find it somewhat difficult, very difficult or impossible to pay an unexpected bill of £50 immediately, without assistance from an external source, according to new research from the insolvency trade body R3. The research...
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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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Research backs value of technology PR
Why do some things catch on and become massive hits when similar ideas fail? And what is the secret to making products that people like? These are important questions for tech companies – or indeed any business with a new product or service. In his book Hit Makers:...
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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...
read more
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...
read more
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...
read more
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...
read more
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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