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Rise in the number of business failures in Wales

Insolvency and restructuring trade body R3 has also released new data on business start-ups in Wales Chair of R3 in Wales Bethan Evans. Business failures have risen in Wales according to insolvency and restructuring trade body R3. Insolvency-related activity, which includes administrations and creditors’ meetings as well as voluntary and compulsory liquidations, rose from 844…

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R3 report: Yorkshire insolvencies fall during 2025

The figures show insolvency activity, which includes administration and voluntary and compulsory liquidations, decreasing by 9.9% across Yorkshire and the Humber in 2025. The fall was the second highest in the UK, with only Greater London, with an 11% drop, seeing a bigger reduction. Areas seeing a hike in insolvency activity included Northern Ireland and…

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Award-winning Brix Distillers enters administration

Sydney Distilling Co, the boutique rum maker trading as Brix Distillers, has entered voluntary administration. RSM Australia has been appointed as the administrator to Australia’s first craft rum distillery. It said that all available options are being explored, including the sale of the business’s assets through a deed of company arrangement. The business, founded in…