Fall in the risk of business failure in Yorkshire
There has been a month-on-month fall in the proportion of Yorkshire businesses at greater than average risk of insolvency, according to research by R3.
The insolvency and restructuring trade body surveyed 11 sectors in the region, with eight reporting a drop between February and March in the proportion of businesses deemed to be at elevated risk of insolvency in the next 12 months.
The hotel sector recorded the most marked improvement, with a month-on-month fall of almost 1 per cent. Of the 670-plus active hotels in Yorkshire, about 240 are considered to be at greater than usual risk of insolvency, equating to 35.7 per cent of the region’s venues, slightly above the UK-wide figure for the sector of 33.4 per cent.
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