The number of insolvency-related activities in the North East fell in May, new research has found. However, the figures are still higher than pre-pandemic levels as economic challenges continue.
The UK’s insolvency and restructuring trade body R3 analysed new data provided by CreditSafe, which unveiled that there were 76 insolvency related activities during the month, representing a 17.4 per cent drop from the 92 recorded in April and more than a quarter lower that the March figure of 103.
Despite this, the May number is still about 16 per cent higher than the 62 related activities including liquidator appointments, administrator appointments and creditors’ Meetings registered in the same month last year.
Elsewhere, …
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