Member Article

Struggling North East Business Owners Advised To ‘Look For Help’ After Highest Quarterly Corporate Insolvency Figures Since 2009

The owners of struggling North East businesses are being urged to look for whatever help they need to resolve their financial challenges in the light of new figures showing the highest quarterly rate of corporate insolvency in England and Wales in 14 years.

Chris Ferguson, North East chair of insolvency and restructuring trade body R3, was speaking after data for the second quarter of 2023 revealed an increase of 8.9% on the number of corporate insolvencies during the first three months of the year and the highest levels of corporate insolvency since the aftermath of the financial crisis in the…

Read the full article at: https://bdaily.co.uk/articles/2023/08/30/struggling-north-east-business-owners-advised-to-look-for-help-after-highest-quarterly-corporate-insolvency-since-2009