R3

Businesses in Scotland had 131,396 fewer unpaid invoices on their books in July 2023 than July 2022, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows that overdue invoice numbers in Scotland have fallen from 552,

Scotland has witnessed a surge in new businesses, with over 3,200 start-ups registered in May 2023, according to research conducted by R3, the UK's insolvency and restructuring trade body. This figure, obtained from Creditsafe data analysis, was 229 firms higher than the previous month's total of 3,

April witnessed a significant surge in insolvency-related activities in Scotland, the highest this year, new research by R3, the insolvency and restructuring trade body, has revealed. R3’s analysis of data provided by Creditsafe shows there were 122 cases of insolvency-related activity, which

Corporate insolvencies in Scotland have reached an eleven year high, with 1,132 insolvencies recorded in the year 2022-23.

R3, the insolvency and restructuring trade body, has launched a new free guide for directors and business owners in Scotland. The free resource, A guide to dealing with corporate financial distress, sets out the duties and responsibilities of company directors and the importance of meeting them, out

Scottish firms had over 1.2 million overdue invoices on their books this winter, new research from insolvency and restructuring trade body R3 has revealed. R3’s analysis of data provided by Creditsafe shows 1,231,703 invoices were overdue in Scotland over the winter months – with 416,856

The number of start-ups in Scotland has reached its highest level for five months, according to new research from R3, the insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 3,147 new Scottish firms set up in January 2023 – the highest r

In December 2022, the number of Scottish businesses experiencing insolvency-related activity jumped over 32%, compared to the same period in 2021, according to new research from R3, the insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 142 c

The number of overdue invoices in Scotland has reached its highest level for this year, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows the number of invoices in Scotland that have gone past their payment deadline ro

A near 1.7 million invoices were overdue the books of Scottish businesses in the last quarter, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows 1,696,445 invoices were overdue in Scotland in Q3 – an increase of

Keith Tully, partner at Real Business Rescue, touches upon the ticking time bomb Scottish businesses are racing up against in the face of the Covid-19 pandemic, which takes the form of the skills and labour shortage, and ambitious technology standards embraced by thriving competitors. The coronaviru

In the first quarter of this year, corporate insolvency numbers (liquidations and receiverships) in Scotland rose by 49.1%, compared with the same period in 2021. According to new figures published by the Accountant in Bankruptcy (AiB) - Scotland's Insolvency Service - the number of corporate insolv

Nearly 12,000 new businesses have been set up in Scotland since the start of the year, according to new research from insolvency and restructuring trade body R3. R3’s figures, which are based on an analysis of data provided by Creditsafe, reveal that 11,783 new businesses were set up in the na

Scotland has seen a 164% increase in corporate insolvency numbers (liquidations and receiverships) in the fourth quarter of 2021-22, compared to the fourth quarter of 2020-21, at 240, against 91. According to the latest figures, the number of corporate insolvencies in Scotland stayed the same in Q4

R3, the insolvency and restructuring trade body, has launched a new debt advice guide for individuals in Scotland. The free resource, ‘Dealing with money worries – a guide to your options’, provides an overview of the potential solutions available to those who are worried about the