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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.

Q4 2017 insolvency statistics – R3 comments

Posted on: 26.01.18
Commenting on the Q4 2017 (October-December) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, deputy... <a href="">Read more</a>

R3 comments on the Scottish Insolvency Statistics, Q3 2017-­18

Posted on: 24.01.18
Commenting on the latest Scottish quarterly insolvency statistics, October to December 2018 (Q3 2017-18), Tim Cooper, Chair of R3 in Scotland, the insolvency and... <a href="">Read more</a>

UK ‘zombie business’ numbers drop to record low – R3

Posted on: 03.01.18
The proportion of UK companies which are only paying the interest on their debts – one of the signs of a so-called ‘zombie’ business – has dropped... <a href="">Read more</a>

Government pre-pack review opportunity for improvement – R3

Posted on: 13.12.17
Responding to the Insolvency Service's announcement that the government is to undertake an assessment of the Graham reforms of pre-pack administrations, Duncan Swift,... <a href="">Read more</a>

Airline insolvency review risks duplication of effort (Budget 2017)

Posted on: 22.11.17
Commenting on the Chancellor’s Budget plan to review airline insolvency arrangements (Budget document, page 50, para 4.38), Adrian Hyde, president of insolvency and... <a href="">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.

Capita shares plummet 43% amid news of &ldquo;transformation&rdquo;

Posted on: 31.01.18

Capita shares have plummeted nearly 45 percent following the news it plans to transform its business operations.

Jonathan Lewis, chief executive of Capita, said...

Orders to ban rogue directors increase seven-fold

Posted on: 13.11.17

The Insolvency Service estimates it has prevented losses of £92m for the year 2016/2017 as a result of public interest disqualification orders.

Public interest...

Creditfix to become Scotland&rsquo;s largest trust deeds provider

Posted on: 03.11.17

Creditfix, a personal insolvency practice, has this week (November 2) completed the acquisition of debt solutions provider Carrington Dean.

The sale will see Creditfix...

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