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R3 News

The following information is provided by R3: News and information on insolvency, restructuring and stories from business recovery specialists.

Scottish Insolvency Statistics (Oct-Dec 2019): Comment from R3

Posted on: 22.01.20
Commenting on the Scottish Insolvency Statistics, October to December 2019, Tim Cooper, Chair of R3 in Scotland, the insolvency and restructuring trade body says: ... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34431">Read more</a>

R3 responds to the Queen’s Speech

Posted on: 19.12.19
Duncan Swift, President of insolvency and restructuring trade body R3, comments on the Queen’s Speech (19 December 2019): Corporate insolvency reform “We... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34404">Read more</a>

R3 launches 2019 election manifesto

Posted on: 10.12.19
R3, the insolvency and restructuring trade body, has launched its 2019 election manifesto, which sets out the policies that will help the insolvency and restructuring... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34195">Read more</a>

Q3 2019 insolvency statistics – R3 response

Posted on: 30.10.19
Commenting on the Q3 2019 (July-September) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, president of... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34055">Read more</a>

Scottish Insolvency Statistics (Jul-Sep 2019): Comment from R3

Posted on: 23.10.19
Commenting on the Scottish Insolvency Statistics, July to September 2019, Tim Cooper, Chair of R3 in Scotland, the insolvency and restructuring trade body says: ... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34005">Read more</a>



Credit Strategy News 

The following information is provided by Credit Strategy: News and information for the UK's commercial and consumer credit industry.

Global corporate insolvencies to increase by 33%

Posted on: 22.10.21

At the end of 2022, insolvencies are expected to be elevated compared to pre-pandemic levels, according to new research published by Atradius.

This increase is largely attributed...

44% increase in small business defaults

Posted on: 22.10.21

The net percentage balance for charges in default rates on secured loans to households have decreased in the third quarter of 2021.

According to the Bank of England’s latest Credit...

Opinion: Why banks and lenders must signpost turnaround to SMEs

Posted on: 19.10.21

As businesses begin to emerge into a tough post-pandemic financial world, the Lending Standards Board’s senior insight manager Harry Hughes explores how financial service firms...

£2.3m fine for Grant Thornton for Patisserie Valerie audit 

Posted on: 14.10.21

Regulator the Financial Reporting Council (FRC) has imposed sanctions against Grant Thornton and audit partner David Newstead in relation to its audit of Patisserie Valerie for...

Company insolvencies up 71%

Posted on: 08.10.21

There were 1,348 company insolvencies recorded in August 2021 in England and Wales, according to the latest figures published by the Insolvency Service.

This is up 71% when compared to the 788 figure...

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