News room
Mid-size and Northern companies have the highest insolvency risk – R3
Commenting on new statistics published by the Government on the number of England & Wales corporate insolvencies in 2017, broken down by company age, size and location, Duncan Swift, vice-president of insolvency and restructuring trade body R3, says: Company Age and Size Enterprises aged 4-9 years old, or with turnover of… Read more
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02/11/2018
UK fails to improve its standing in the World Bank insolvency rankings – R3
The lack of improvement in the UK’s standing in the World Bank’s latest insolvency rankings underlines the need for UK corporate insolvency reform, says… Read more
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01/11/2018
Breathing space consultation – R3 comments
Commenting on the news that the Government has launched a consultation on introducing a “breathing space” for indebted individuals, Stuart Frith, President of… Read more
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30/10/2018
Q3 2018 insolvency statistics – R3 comments
Commenting on the Q3 2018 (July-September) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, Vice President of… Read more
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29/10/2018
Budget 2018: HMRC preferred creditor status - R3 comment
In response to the announcement in today’s Budget that HMRC will become a secondary preferential creditor for taxes held on behalf of employees and customers, Emma… Read more
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24/10/2018
Scottish Insolvency Statistics (Jul-Sep 2018): Comment from R3
Commenting on the Scottish Insolvency Statistics, July to September 2018 (Q2 2018–19), Tim Cooper, Chair of R3 in Scotland, the insolvency and restructuring trade… Read more
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13/09/2018
Impact of ‘no deal’ Brexit on insolvency ‘deeply concerning’
The potential impact of a ‘no deal’ Brexit on cross-border insolvency cases, as set out by the Government in a just-published technical note, is deeply… Read more
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26/08/2018
Corporate insolvency and corporate governance reforms: Government announcement offers opportunity for improvement
Commenting on the announcement from the Department for Business, Energy, and Industrial Strategy on corporate governance and corporate insolvency framework reform… Read more
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27/07/2018
Q2 2018 insolvency statistics – R3 comments
Commenting on the Q2 2018 (April-June) England & Wales insolvency statistics (published this morning by the Insolvency Service), Stuart Frith, president of insolvency… Read more
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25/07/2018
Scottish Insolvency Statistics (Apr-Jun 2018): Comment from R3
Commenting on the Accountant in Bankruptcy’s corporate and personal insolvency statistics for the period April to June 2018 (Q1 2018-19), Tim Cooper, Chair of… Read more
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16/07/2018
R3's letter to the editor of the Financial Times on how the insolvency profession tackles fraud
Dear Sir, John Gapper’s article, ‘The ship tycoon, the con men and a €100m scam’, highlights the positive impact the insolvency profession and… Read more
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13/07/2018
Women and seaside towns again see most personal insolvencies – R3 comments on 2017 statistics
A higher percentage of women than men in England and Wales entered insolvency in 2017, continuing the trend of recent years, says insolvency trade body R3, commenting on… Read more
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12/07/2018
Brexit White Paper plans on insolvency are welcome – R3
Commenting on the Government’s Brexit White Paper, published earlier today, Duncan Swift, vice-president of insolvency and restructuring trade body R3, says: … Read more
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10/07/2018
1 in 5 British adults has had an outstanding credit card balance for at least six months
One-in-five (22%) British adults have had an outstanding credit card balance for at least six months, including the 4% of British adults who have had an outstanding… Read more
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09/07/2018
R3’s UK personal finances bulletin – July 2018
A third (34%) of British adults are at least fairly worried about their current level of debt, while the same proportion (34%) say they sometimes or often struggle to… Read more
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26/06/2018
One in four UK companies hit by domino effect of another company’s insolvency in last six months
Over a quarter (26%) of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the last six months, according to… Read more
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14/06/2018
Corporate governance and insolvency proposals would undermine UK plc
Commenting on the recently closed Government consultation on corporate governance and insolvency, Stuart Frith, president of insolvency and restructuring trade body R3,… Read more
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29/05/2018
CVA reforms needed, says insolvency and restructuring profession
Reforms should be made to improve the effectiveness of Company Voluntary Arrangements, a common High Street insolvency procedure, according to research commissioned by… Read more
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21/05/2018
One in six bankrupts declaring assets have over £50,000 – R3
One-in-six (15%) people who declared their assets when entering bankruptcy in 2016-17 had assets worth over £50,000, serving as a stark reminder that you… Read more
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16/05/2018
New collective redundancy and insolvency guidance ‘very positive’
The Government’s proposed new guidance for consulting on collective redundancies in insolvency situations is ‘very positive’, says insolvency and… Read more
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27/04/2018
Q1 2018 insolvency statistics – R3 comments
Commenting on the Q1 2018 (January-March) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, vice-president of… Read more
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25/04/2018
Scottish Insolvency Statistics (Jan-Mar 2018): Comment from R3
Commenting on the Accountant in Bankruptcy’s corporate and personal insolvency statistics for the period January to March 2018 (Q4 2017-18), Tim Cooper, Chair… Read more
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20/04/2018
Stuart Frith appointed as new President of R3
Stuart Frith, a Partner at Stephenson Harwood LLP, is taking over as the new president of R3, the insolvency and restructuring trade body. His year-long term starts on… Read more
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19/03/2018
Pensions White Paper misses vital insolvency reforms
Commenting on the Government’s Defined Benefit Pension Scheme White Paper, published today, Duncan Swift, deputy vice-president of insolvency and restructuring… Read more
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26/01/2018
Q4 2017 insolvency statistics – R3 comments
Commenting on the Q4 2017 (October-December) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, deputy… Read more
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24/01/2018
R3 comments on the Scottish Insolvency Statistics, Q3 2017-18
Commenting on the latest Scottish quarterly insolvency statistics, October to December 2018 (Q3 2017-18), Tim Cooper, Chair of R3 in Scotland, the insolvency and… Read more
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03/01/2018
UK ‘zombie business’ numbers drop to record low – R3
The proportion of UK companies which are only paying the interest on their debts – one of the signs of a so-called ‘zombie’ business – has dropped… Read more