8th July 2022
The number of outstanding invoices owed to businesses based in the North West has increased again in May, according to analysis from R3. Analysing data provided by Creditsafe, R3 found that the number of invoices […]
1st February 2022
A record number of English and Welsh companies entered insolvency in the final quarter of 2021 as key coronavirus support measures were lifted. With 4,627 companies entering insolvency in the final three months of the […]
14th October 2021
Insolvency industry trade body R3 (Rescue, Recovery, Renewal) has called on the government to do more to help struggling directors seek qualified help earlier. Seeking help earlier can expand the number of options that are […]
16th July 2020
A significant majority of restructuring and insolvency professionals expect the number of company insolvencies to increase, according to a survey conducted by insolvency trade body R3. A whopping 94% of corporate insolvency and restructuring experts […]
16th July 2019
Government plans, confirmed in the latest Finance Bill, to make HMRC a preferential creditor in company insolvencies are a ‘bad deal’ for businesses and the taxpayer, according to insolvency and restructuring trade body R3. The […]
16th May 2019
New research from insolvency trade body R3 shows that three in ten (28%) of British adults ran a deficit budget in the past month, spending more than they earned in income. In yet more evidence […]
28th January 2019
More than one-in-ten (11%) UK firms are only paying the interest on their debt, rather than the debt itself, which is one sign of a ‘zombie business’ according to restructuring trade body R3. Zombie businesses […]