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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.

One in ten UK companies could be a ‘zombie business’

Posted on: 27.12.18
Over one in ten (11%) UK companies is just paying the interest on its debts, rather than repaying the debt itself, according to new research from insolvency and... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=32861">Read more</a>

Unexpected bill of just £20 would prove difficult or impossible to pay immediately for 1 in 5 British adults

Posted on: 22.12.18
One in five British adults (20%) would find it somewhat difficult, very difficult or impossible to immediately pay an unexpected bill for an amount as little as... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=32860">Read more</a>

Mid-size and Northern companies have the highest insolvency risk – R3

Posted on: 22.11.18
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... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=32714">Read more</a>

UK fails to improve its standing in the World Bank insolvency rankings – R3

Posted on: 02.11.18
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... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=32646">Read more</a>

Breathing space consultation – R3 comments

Posted on: 01.11.18
Commenting on the news that the Government has launched a consultation on introducing a “breathing space” for indebted individuals, Stuart Frith, President of... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=32645">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.

FlyBe rescued by Virgin and Stobart in £2.2m deal

Posted on: 14.01.19

A deal worth £2.2m has been reached for a consortium involving Virgin Atlantic and Stobart Group to buy out FlyBe.

Based in Exeter, Flybe carries around eight million...

Entries open for 20th Credit Awards

Posted on: 14.01.19

Entries are now open for the 20th annual Credit Awards, the biggest awards programme in the profession.

Recognising and celebrating work of the highest quality in the credit sector...

Retail insolvencies increase for second consecutive year

Posted on: 10.01.19

The number of retailers entering into administration in 2018 rose six percent to 125, up from 118 in 2017, according to big four accountancy firm Deloitte’s latest insolvency...

Hospitality sector suffers most company failures

Posted on: 02.01.19

The hospitality sector suffered the most company failures in the third quarter of 2018, according to a study carried out across 12 UK business sectors.

The research, released by...

IPA to regulate high-volume IVA providers

Posted on: 06.12.18

The Insolvency Practitioners Association (IPA) has announced a regulatory framework for the “continuous monitoring” of the use of Individual Voluntary Arrangements (IVAs) by the high-volume...

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