Neil Dingley, Partner at Moore Recovery, looks at the sectors that were most prominent for insolvencies in 2023.

In a guest blog, Nick Hood, Senior Business Adviser at Opus Business Advisory Group breaks down the 2023 corporate insolvency figures and takes a look at which sectors were hit the hardest.

The collapse of two professional teams has forced the sport of Rugby Union to take a hard look at itself. But there are lessons to be learnt for all of us from this fiasco... 

R3’s Press, Policy and Public Affairs team packed lots of activity into February, with a trip to the House of Commons for the launch of a new report, ongoing planning for R3’s Presidents Lunch and continued interest from the media on business and insolvency trends.

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?

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.

On 21 December 2021, the Government published ‘The Future of Insolvency Regulation’, a consultation setting out new proposals to “strengthen, reform and simplify” insolvency regulation. The proposed changes in the consultation document amount to an overhaul of insolvency regulation and will have a significant impact on the insolvency profession and how it works.

Here's everything you need to know about the proposed regulation changes...

Warnings of an ‘energy crisis’ have dominated media headlines recently, with surging wholesale energy prices leading to the failure of nearly ten energy providers in September, and others reporting signs of serious financial distress.