Data from the Insolvency Service published in April shows that contrary to what many might have expected, personal insolvency levels fell for the second consecutive year in 2021. In this blog, we break down how different people across England and Wales were affected by financial distress in 2021.

Every month R3 provides commentary on the Insolvency Service’s corporate and personal statistics, but what are the current trends in corporate insolvencies, how do they compare to pre-pandemic levels, and how have different industries across England and Wales been affected so far in 2022?

With parliament entering its summer recess last week and a new government due in September, the public affairs agenda continued to be full for R3 in as we reached the peak of the summer...

Jonathan Draper and Morgan Bowen outline their session of R3’s new Restructuring Boot camp, which covers directors’ duties in restructuring…

In late December 2021, the Government issued a consultation into insolvency reforms. In this blog, we summarise the 26-page consultation response we submitted in response, highlighting our main questions and concerns.

Spring has brought a wave of new beginnings for R3, with a new President in office and planning for our first in-person Annual Conference in three years in full swing.

We review two keynote speaker sessions from R3's Fraud Conference 2022; Dame Vera Baird DBE QC, who talked about victims of fraud, and Dame Margaret Hodge, whose session covered business fraud…

To help tackle the most common misconceptions about insolvency fees, R3’s Press, Policy and Public Affairs team has published new research which aims to address how the fees are broken down, the typical costs involved in an insolvency procedure, and how the costs reported in an insolvency case often bear little resemblance to the amount insolvency practitioners (IPs) are actually paid for the work they undertake in these cases.

As we move into the spring season, the news and public affairs agenda continues to be full, with the submission of R3’s response to the Government’s insolvency regulation consultation, the launch of a new paper to tackle insolvency fee misconceptions and a new guide for people in Scotland worried about their finances just some of the areas the Press, Policy and Public Affairs team has worked on this month.

These, coupled with continued work to give the profession a voice on key issues in the media has meant March was a busy month for the Press, Policy and Public Affair’s team.

Companies House, the central register of company information in the UK, is a crucial component of the UK’s corporate governance framework, but doesn’t yet have formal investigatory powers to verify the accuracy of information that companies send to it.