Business growth falls in North as signs of distress reaches three-year high
The number of Northern businesses showing signs of growth is at its lowest for over five years, while the number showing signs of distress has reached a three-year high.
According to new research by insolvency and restructuring trade body R3, just 51% of businesses in the region reported one or more signs of growth, down from 61% in April and 78% at its peak in December 2015.
Meanwhile, 30% reported one or more signs of distress, up from 10% in April and the highest since 2014.
Paul Barber, a partner at Begbies Traynor, said:... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
