Press Archive 2016

38 articles

  1. 29/12/2016

    Insolvency and restructuring profession concerned about Brexit impact on insolvency numbers

     An overwhelming majority of insolvency and restructuring experts believe the UK’s decision to leave the EU will lead to a rise in corporate insolvencies in… Read more

  2. 21/12/2016

    Living beyond means, relationship breakdowns, and cuts to incomes were the leading causes of bankruptcy in 2015

    Living beyond means, relationship breakdowns, and reduced levels of income were the leading causes of bankruptcy in 2015, according to new government statistics. R3, the… Read more

  3. 13/12/2016

    139,000 UK businesses only paying the interest on their debt

    139,000 businesses in the UK are only paying the interest on their debt and not repaying the debt itself, according to new research by insolvency and restructuring trade… Read more

  4. 22/11/2016

    New EU insolvency Directive ‘welcome’, says R3

    The European Commission’s new Directive on corporate insolvency reform is a welcome step towards improving business rescue procedures across Europe, says insolvency… Read more

  5. 14/11/2016

    Majority of British adults’ personal finance confidence unaffected by Brexit vote

    Three-fifths (59%) of British adults say they are neither more pessimistic nor more optimistic about their personal finances following the UK’s vote to leave the… Read more

  6. 07/11/2016

    Vast majority of British businesses brush off Brexit vote – R3

    Three-in-four UK businesses (74%) say they have yet to feel any financial impact – positive or negative – from the 23rd of June vote to leave the EU,… Read more

  7. 28/10/2016

    Corporate and personal insolvencies increase over the summer

    Commenting on a rise in both corporate and personal insolvencies, Andrew Tate, president of insolvency and restructuring trade body R3, says:Corporate insolvency“A… Read more

  8. 26/10/2016

    R3 comments on Scottish insolvency statistics Q2 2016-17

    Commenting on the Scottish Insolvency Statistics, Q2 2016-17, Eileen Blackburn, Chair of R3 in Scotland’s Technical Committee, the insolvency trade body… Read more

  9. 22/08/2016

    Late payment and other business failures cause over 1-in-5 corporate insolvencies

    At least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company, according to new research by insolvency… Read more

  10. 17/08/2016

    Half of UK businesses have no fraud risk policy – R3

    Over half of UK businesses have no agreed written fraud risk policy in place to prevent and detect fraud, according to new research by R3, the insolvency trade… Read more

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