Administrations rise – but so does business confidence

The number of company administrations rose to their highest level for five years during the first three months of 2019, according to statistics from government’s Insolvency Service.

However, business confidence is also up across the North West, says a new national survey.

Official figures show that the total number of insolvencies rose in real terms to 4,187 during the first quarter - 6.3 per cent higher than the previous quarter and 5.1 per cent higher than the same quarter last year.

According to R3, the insolvency and restructuring trade body, the figures – the highest first quarter figures since 2014 – reflect the impact of stuttering consumer confidence and, to a degree, Brexit uncertainty on the business community.