News room
Third of British businesses concerned about Brexit supply chain impact, R3 research finds
One third (33%) of UK businesses are concerned about the potential impact Brexit will have on their suppliers and customers, according to new research from R3, the insolvency and restructuring body. The research, a survey of 1,200 senior business financial decision-makers, carried out for R3 by BVA BDRC, found that 11% of businesses have… Read more
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25/09/2019
R3 responds to Transport Minister’s airline insolvency plans
More consultation is needed before the Government progresses plans to change how planes are used in airline insolvencies, R3, the insolvency and restructuring trade body,… Read more
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13/09/2019
Business bodies warn Chancellor of damage caused by Treasury insolvency cash grab
Leading business groups and insolvency experts have written to the Chancellor to warn that plans to prioritise repayments to HMRC over repayments to other creditors in… Read more
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30/07/2019
Q2 2019 insolvency statistics – R3 response
Commenting on the Q2 2019 (April-June) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, President of insolvency… Read more
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24/07/2019
Scottish Insolvency Statistics (Apr-Jun 2019): Comment from R3
Commenting on the Scottish Insolvency Statistics, April to June 2019, Eileen Blackburn, of R3 in Scotland, the insolvency and restructuring trade body says: Corporate… Read more
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17/07/2019
Personal insolvencies more common among women, in the North East or by the sea – R3 comments on 2018 statistics
More women than men in England and Wales became insolvent in 2018, following a pattern which has been in place for several years, says insolvency trade body R3,… Read more
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12/07/2019
Review of insolvency regulation announced – R3 response
Commenting on the launch of a review of the regulatory framework for the UK’s insolvency practitioners, Duncan Swift, President of the insolvency and restructuring… Read more
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11/07/2019
HMRC insolvency cash grab a ‘bad deal’ for UK
Government plans, confirmed in today’s draft Finance Bill, are a “bad deal” for UK businesses and the taxpayer, says insolvency and restructuring trade… Read more
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19/06/2019
Government Breathing Space announcement – R3 response
Duncan Swift, President of insolvency and restructuring trade body R3, responds to today’s announcement that the Government is moving ahead with plans to introduce… Read more
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14/05/2019
Three in ten British adults spent more than they received in income in the past month
Three in ten (28%) British adults ran a ‘deficit budget’ in the past month, spending more during the month than they received in income, according to new… Read more
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09/05/2019
Airline Insolvency Review – Proposals do not overcome challenges
Commenting on the publication of the Airline Insolvency Review’s final report, Duncan Swift, president of insolvency and restructuring trade body R3, says:… Read more
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08/05/2019
Duncan Swift becomes president of insolvency and restructuring trade body R3
Duncan Swift, Corporate Advisory Services Partner and Head of the Food Advisory Group at Moore Stephens, has been appointed president of insolvency and restructuring… Read more
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30/04/2019
Q1 2019 insolvency statistics – R3 comments
Commenting on the Q1 2019 (January-March) England & Wales insolvency statistics (published this morning by the Insolvency Service), Stuart Frith, president of… Read more
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24/04/2019
Scottish Insolvency Statistics (Jan-Mar 2019): Comment from R3
Commenting on the Scottish Insolvency Statistics, January to March 2019, Duncan Swift, Vice President of R3, the insolvency and restructuring trade body says: Corporate… Read more
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15/04/2019
R3’s UK personal finances bulletin – April 2019
Two in five (40%) British adults are at least fairly worried about their current level of debt, while the same proportion (40%) say they sometimes or often struggle to… Read more
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08/03/2019
R3 response to the Treasury Select Committee's economic crime report
Commenting on today’s publication of the Treasury Select Committee’s report “Economic Crime - Anti-money laundering supervision and sanctions… Read more
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26/02/2019
Treasury ‘cash grab’ ‘frustrating and misguided’ – R3
Commenting on today’s publication of a Government consultation on plans to repay HMRC ahead of pension schemes, trade creditors, and lenders in insolvency… Read more
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29/01/2019
Q4 2018 insolvency statistics – R3 comments
Commenting on the Q4 2018 (October-December) England & Wales insolvency statistics (published this morning by the Insolvency Service), Stuart Frith, President of… Read more
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23/01/2019
Scottish Insolvency Statistics (Oct-Dec 2018): Comment from R3
Commenting on the Scottish Insolvency Statistics, October to December 2018, Tim Cooper, Chair of R3 in Scotland, the insolvency and restructuring trade body says: … Read more