East of England businesses are now at greater risk of insolvency than at the start of 2017, according to new research by the Eastern branch of restructuring and insolvency trade body R3.
Julys figures, compiled using Bureau Van Dijks Fame database, show that over one in four businesses in the region 27.9 per cent are now at higher than normal risk of insolvency. This is equivalent to over 95,000 companies and contrasts with Januarys figure, which was over three points lower at 24.6 per cent.
The R3 Eastern research also highlights that technology and IT continues to be among the highest risk sectors in the East of England, with over a third 35.9 per cent of firms at above average risk of insolvency.
Over the past month, sectors showi…
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