West Midlands hospitality businesses at highest risk of insolvency
The financial resilience of the West Midlands tourism sector is being tested, with a new study concluding that 30% of regional operators are at an above average risk of insolvency.
This is the highest percentage of any region in the UK and is close to three points above the national average (27.2%).
The situation is borne out by several restaurant and nightclub closures in Birmingham in recent weeks as the hospitality market contracts.
The statistics form part of insolvency and restructuring body R3’s monthly sector trackin... 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...
