Member Article
North East business owners trying to get their operations back up to full speed as the economy reopens are potentially facing a triple challenge to achieving their goals.
Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, who was speaking after the publication of the official corporate insolvency figures for England and Wales for the first quarter of 2021.
There were 2,384 corporate insolvencies reported during the period, which represents a 21.9% reduction from the final quarter of last year and a 38.3% fall from the number of the first three months of 2020.
But despite the range of government business support measures that remain in place, the downward trend observed si…
Read the full article at: https://bdaily.co.uk/articles/2021/05/12/triple-challenge-facing-north-east-firms-as-tide-turns-on-corporate-insolvency-figures
