High Interest Rates and Tight Credit Spur Financial Distress Nationwide
As the UK economy grapples with persistent challenges, insolvency rates are climbing, with businesses across key sectors…
Insolvency
UK Business Confidence and Optimism Index Declines Steeply | December 2024
The latest economic projections for the UK paint a challenging picture. Economic growth has stagnated, with the…
UK Business Confidence Hits Pandemic-Era Lows | December 2024
With less than 4 weeks to go before the year ends, it has been a rocky year…
Rising Insolvency Amid UK’s Economic Strain: From Councils to Corporates
Rising insolvency in the UK reflect the financial uncertainty triggered by higher interest rates and the latest…
Insolvencies in Construction Hit Yearly High | October 2024
Insolvencies in the construction sector surged to 4,310 in the year leading up to September, marking the…
UK Businesses Face Steepest Confidence Decline in a Year; Insolvencies Continue to Surge Before Budget
The recent slowdown in the UK’s private sector signals growing unease among businesses, with October’s PMI (purchasing…
More than 500,000 Businesses Go Under Amidst Economic Uncertainty
As of October 2023, 99% of UK businesses are classified as small or medium enterprises (SMEs), with…
I-Ride Enters Administration, Staff Unpaid and Redundant
All employees at UK-based cycling distributor I-ride, known for its flagship in-house brand Orro Bikes, have been…
Manufacturing Insolvencies Update | September 2024
The UK manufacturing sector saw a promising resurgence in the second half of 2024, with growth in…
Titanic Shipyard Owner in Belfast Declares Insolvency
Harland & Wolff, the owner of Belfast’s historic shipyard that built the Titanic, is set to enter…
