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Insolvencies peak driven by hospitality and retail

Published:  01 November, 2023

Newly released figures from the Insolvency Service show that a higher rate of UK insolvencies over the 12 months have been driven by pressures in consumer facing industries such as leisure, hospitality and retail. However, research suggests the worst might now be in the rear-view mirror, with an easing now expected to follow as the industry works through some of its core challenges.


Pub closures reach decade high

Published:  19 June, 2023

Pub closures reached the highest quarterly figure in a decade in Q1 2023, according to top 30 accountancy practice Price Bailey.


December was worst month for UK restaurant closures in four years

Published:  14 February, 2023

UK restaurant company insolvencies in December of last year were the highest in at least four years says Mazars, the international audit, tax and advisory firm. 


Pub and bar company insolvencies jump by 83% in past year to 512

Published:  13 February, 2023

Insolvencies of pub and bar companies have increased by 83% in the past year, from 280 in 2020/21 to 512, says UHY Hacker Young, the national accountancy group.


Hospitality insolvencies jump 59%

Published:  20 September, 2022

The latest insolvency figures show just how hard the hospitality industry has been affected by the cost-of-living crisis and soaring energy bills, with pubs, bars and restaurants some of the worst hit among UK businesses.


1,406 UK restaurants go under in just 12 months

Published:  25 July, 2022

UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to 1,406 in the past year as rising inflation and labour shortages drive restaurants out of business.