Over half of Northern firms now ‘stable’ but growth fears remain
Business distress levels in the North fell in the second half of 2012, with over half of all companies now in a stable condition, according to the latest Business Distress …
Pressure easing on business in North, says R3
Distress levels among in the North of England remain high – but the pressure is easing and there are tentative signs of recovery, according to research by the insolvency trade …
Comment on the retail crisis from R3
Jeremy Oddie, North West chair of R3 and head of recoveries at Mitchell Charlesworth, says: “The recent publicity about the January sales may have distracted attention from the very real …
Distressed deals at lowest level in years
Acquisitions of insolvent businesses in the North West have continued to fall in 2011, according to research by Experian on behalf of the insolvency trade body R3. The figures show …
Severe weather warning for northern businesses
A cold snap like that of last winter would force one in eight businesses in the North to go to the bank cap in hand, while one in 25 could …
Hauliers face harsh winter as bank credit dries up
Haulage firms across the North West are facing a harsh winter as they feel the impact of a financial double whammy, according to the insolvency trade body R3. Not only …
NW amongst worst affected as debt worries reach record levels
Concern over debt has reached record levels in Great Britain with people in the North West amongst the worst affected, according to a survey by insolvency trade body R3. R3’s …
Insolvencies level off but property sector feels the pressure
Official insolvency statistics released today show corporate insolvency levels are flattening off though pressure remains on the property sector, according to the insolvency trade body R3. The figures for the …
Businesses feel the chill as economic growth cools
Conditions are getting tougher for North West businesses with nearly one in three reporting a drop in sales and almost two in three seeing decreased profits, according to insolvency trade …