August 5, 2020

75% of UK hospitality firms at risk of insolvency

As reported by Eater London, the recent survey, conducted by UK Hospitality and on-trade data analyst CGA, found that over 75% of restaurants, pubs and bars in the UK fear not being able to pay their bills over the next

October 15, 2019

Retail Insolvency Risk Reduced

According to new research undertaken by insolvency and restructuring trade body R3, the proportion of North East retail businesses facing a raised risk of insolvency in the next year has fallen. R3's research found that

September 24, 2019

FRC considers investigations into Thomas Cook collapse

"In light of recent developments at Thomas Cook we are considering whether there is any case for investigation and enforcement action as a matter of urgency and in cooperation with the Insolvency Service," an FRC spokesper

June 19, 2019

Fewer Transport Businesses at Risk of Insolvency

The number of transport businesses in Yorkshire that experienced an elevated risk of insolvency fell in May, according to trade body R3. The proportion of transport companies in the region deemed to be at higher than av

May 3, 2019

Business insolvencies on the rise

The number of businesses that became insolvent in the first three months of 2019 rose by 6.3% compared to the previous quarter. The labour intensive construction, administration and retail sectors, are all struggling wi

March 19, 2019

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

September 18, 2018

The impact of Brexit ‘no deal’ on UK insolvency framework

In a technical note issued on the subject of civil legal cases, the government states that the bulk of the current shared insolvency regulation will be repealed, but that the EU rules ‘that provide for the UK courts to h

August 23, 2018

30% fall in travel agency insolvencies

The number of travel agency and tour operators going insolvent has fallen by 30% in the last five years as the impact of the internet slows. Travel agencies are now benefiting from British people taking more holidays th

July 25, 2017

Number of insolvencies fall in the second quarter – but perhaps not for long

The number of companies entering insolvency has fallen in the second quarter of 2017, according to KPMG, although retailers are still feeling the squeeze. Across England and Wales, 280 companies entered administration

April 3, 2017

British adults are becoming more pessimistic about their finances

The share of British adults concerned about their future financial health has been slowly but steadily increasing since June 2016, according to a new survey of over 2,000 British adults by insolvency and restructuring trad