More Than 4,100 North East Businesses Set Up In Second Quarter Of 2022
North East entrepreneurs have been battling back against challenging economic conditions during the second quarter of the year to set…
Overdue Invoice Issues Rising For North East Firms
North East firms had more than 222,000 unpaid invoices on their books in May that had gone past the date…
Year-On-Year Doubling Of Corporate Insolvencies Shows Economic Turbulence Taking Its Toll – R3 North East
The increasing economic impact of the pandemic has been laid bare by the number of corporate insolvencies across England and…
Surge In Business Start-Ups Across North East, But Late Payment Problems Persist
More than 2,600 new businesses were set up in the North East in the first two months of the year,…
North East Insolvency Expert Warns Region’s Struggling Firms Of Winding-Up Law Changes
The North East chair of insolvency and restructuring trade body R3 is recommending that the region’s company directors seek advice…
Ferguson Takes Over As New R3 North East Chair
A Newcastle business finance expert has taken over as chair of the North East region of insolvency and restructuring trade…
Rise In Creditor Actions And Business Liquidations Lead To Year-On-Year Doubling Of Corporate Insolvencies
A rise in creditor actions against struggling firms and increasing numbers of company directors choosing to close down their businesses…
Year-on-year Corporate Insolvencies Increase Should Be Call To Action For Struggling Firms – R3
A double-digit year-on-year rise in the number of corporate insolvencies should act as a call to action for North East…
Creditors’ Patience Helping Struggling North East Firms Avoid Insolvency Issues – R3 North East
A significant proportion of struggling North East business owners are working to get over their financial challenges with the support…
Insolvency Expert Urges North East Business Owners To Make Use Of Furlough Scheme’s Final Month
A North East insolvency expert is urging the region’s company directors to make use of the final month of the…
Business Protection Measures Fail To Stop Sharp Rise In Corporate Insolvencies Through Second Quarter of 2021
Government support for businesses during the pandemic has failed to prevent a significant rise in corporate insolvencies across England and…
New R3 Report Highlights Impact Of Insolvency And Restructuring Profession On Job Rescue And Creditor Returns
The UK’s insolvency and restructuring profession saved an average of 800 jobs and returned around £5m to creditors in insolvency…
New R3 Report Highlights Impact Of Insolvency And Restructuring Profession On Job Rescue And Creditor Returns
The UK’s insolvency and restructuring profession saved an average of 800 jobs and returned around £5m to creditors in insolvency…
Buyer Sought For Pro-Fix Installations As RMT Accountants Are Appointed As Administrators
A buyer is being sought for an established North East contracting business after it was placed into administration. Linda Farish…
Introduce breathing space to help turn more companies around, says R3 North East chair
Struggling companies should be given up to six weeks free from creditor pressure to plan a recovery or rescue, according…