THE risk of Northern Ireland firms becoming insolvent is in decline, according to trade body R3.
The organisation said April was a “month for optimism” across the north’s key sectors.
R3 tracks 10 sectors and found seven of those were at less risk of insolvency than a month ago while another had seen no change.
However, the hotel sector experienced the greatest increase in the proportion of businesses at heightened risk of insolvency (6.3 per cent), followed by professional services (3.1 per cent).
Looking at the overall picture, R3 found 22.8 per cent of firms were considered higher than normal risk of insolvency – down 1.7 per cent from last month.
However, the figure is much more favourable than the UK average of 25.5 per cent…
Read the full article at: http://www.irishnews.com/business/2016/04/18/news/reduced-risk-of-insolvency-at-northern-ireland-firms-487862/