Member Article

Q1 Boost For North East Start-Ups – But Corporate Insolvency Numbers Also On The Up

The North East recorded a seven per cent year-on-year increase in the number of new businesses set up through the first quarter of 2023 but regional insolvency activities were also still firmly on the rise.

According to analysis by insolvency and restructuring trade body R3 of new data provided by CreditSafe, there were 4,492 new businesses set up in the North East during January, February and March, compared to 4,187 in the same period last year.

March alone saw 1,740 start-ups established, a figure 15 per cent higher than for the same month last year (1,572), which was itself the highest monthly figure recorded in 2022.

However, the same…

Read the full article at: https://bdaily.co.uk/articles/2023/05/15/q1-boost-for-north-east-start-ups-but-corporate-insolvency-numbers-also-on-the-up