Credit, Collections & Insolvency News
Research analysis by Price Bailey shows that restaurants closed at their highest rate in a decade in the first three months of the year. A total of 569 restaurant businesses filed for insolvency in Q1, an average of 5.6 per day. The Quarter 1 data shows that over the last 12 months, 2,028 restaurants have…
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A shortage of workers and surging inflation are pushing more restaurants into insolvency with the number jumping by more than 60% in the past year according to new data from UHY Hacker Young. The data analysis shows that 1,406 restaurants in the UK closed their doors in the 12 months to May, up 64% (856)…
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Restaurant insolvencies increases by a fifth to reach highest levels since pandemic began according to new research by UHY Hacker Young. The data shows that restaurant insolvencies rose to 354 in the last quarter of 2021, up from 296 in the previous three-month period. UHY Hacker Young says that restaurants will also have to contend…
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