NORTHERN Ireland businesses have the second lowest insolvency risk in the UK according to the latest tracker from insolvency and restructuring trade body, R3.
Overall, 21 per cent of Northern Irish businesses are considered to have a heightened risk, compared to the UK average of 23.8 per cent.
Ten key sectors were scrutinised for the tracker, including manufacturing, pubs, restaurants, professional services, transport and haulage and retail.
Chairman of R3 in Northern Ireland, Michael Neill, said yesterday the results revealed “healthy signs of financial stability” in the region, with resilience evident in key industries.
“While there is clearly economic turmoil as a result of t…
Read the full article at: http://www.irishnews.com/business/2016/08/16/news/north-second-best-in-r3-insolvency-tracker-of-10-key-business-sectors-655281/
