R3 Scotland: Insolvency measures extension gives businesses time to plan

Insolvency and restructuring trade body R3 in Scotland is urging directors of COVID-hit businesses to make the most of the time granted by the Government’s extension of temporary insolvency measures to plan for the future.

Published 1 April 2021

R3 Scotland: New rules on pre-pack sales have ‘missed the mark’

New regulations which aim to improve the transparency of sales to connected parties in administrations are flawed, says insolvency and restructuring trade body R3 in Scotland.

Published 30 March 2021

Insolvency Service and R3 announce diversity and inclusion project

The Insolvency Service and insolvency and restructuring trade body R3 have announced a project aimed at understanding and promoting diversity and inclusion across the insolvency profession.

Published 8 March 2021

Pre-pack sales to face mandatory independent scrutiny

The UK Government has laid draft regulations in Parliament that implement the requirement for mandatory independent scrutiny of pre-pack administration sales where connected parties are involved in the purchase.

Published 26 February 2021

Corporate insolvencies in Scotland dropped by 40% in 2020

Corporate insolvency numbers (liquidations and receiverships) in Scotland for the whole of 2020 were 40% lower than in 2019, at 592 (2020) against 981 (2019), according to insolvency and restructuring trade body R3.

Published 27 January 2021

R3 Scotland: 80% of insolvency practitioners expect personal insolvencies to rise

Over five in six (86.1%) respondents to an R3 survey of insolvency professionals in the UK say they expect personal insolvency numbers to increase over the next year, with a significant proportion expecting a rise as early as this autumn.

Published 19 August 2020

R3 Scotland warns of winter corporate insolvency spike

Corporate insolvencies may increase this winter, with new research from the insolvency and restructuring trade body R3 indicating that a steep rise may start as early as this October.

Published 11 August 2020

R3: New bill heralds biggest change to UK’s insolvency and restructuring framework for nearly 20 years

The Corporate Insolvency and Governance Bill, which was debated in the House of Commons yesterday, is a significant step forward in attempts to mitigate the enormous economic damage caused by COVID-19, according to insolvency and restructuring trade body R3 in Scotland.

Published 4 June 2020

R3 in Scotland issues checklist to help Scottish firms manage coronavirus impacts

The Scottish arm of insolvency and restructuring trade body R3 has issued an eight-point checklist to help owner/managers across the region deal with the impact of the coronavirus pandemic on their businesses.

Published 28 May 2020

R3: One in three adults in Scotland would go into debt to solve a gap in their finances

One in three adults in Scotland (34%) say they would be most likely to take on extra debt if they were faced with a sudden gap in their finances, according to new research from insolvency trade body R3.

Published 11 March 2020

Corporate and personal insolvencies increased in Scotland in 2019

The number of corporate and personal insolvencies for the whole of 2019 has increased, according to the latest Scottish Insolvency Statistics from Accountant in Bankruptcy.

Published 22 January 2020

R3: One in three Scottish companies at elevated insolvency risk

Around one in three (33.8%) Scottish-registered companies had a higher than usual risk of insolvency in December, according to new research from R3 in Scotland.

Published 6 January 2020

Personal and company insolvencies on the rise

Accountant in Bankruptcy (AiB) has released official statistics reporting personal and company insolvencies in Scotland for the second quarter (July to September 2019) of 2019-20.

Published 23 October 2019

R3 calls for director ID checks to cut chances of business fraud

Scottish insolvency expert R3 has called for company directors to face identity checks to help reduce business fraud.

Published 4 September 2019

Scots manufacturers at less risk of insolvency

Manufacturing firms based in Scotland are at less risk of insolvency than manufacturers based south of the border, according to new analysis.

Published 14 July 2015