32% of West Midlands companies impacted by insolvencies
R3, the trade body representing insolvency and restructuring practitioners has produced research that shows 32% of businesses in the West Midlands has suffered a financial hit because of the insolvency of a customer, supplier or debtor in the last six months.
Chris Radford, chair of R3 in the Midlands and a partner at Gateley plc in Birmingham said:"The figures are evidence of the so-called 'domino effect' , where one company's insolvency will increase the insolvency risk for others. They follow a national 13% rise in underlying in... 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...
