Research undertaken by accountancy firm Price Bailey has found that more than one in 10 (12%) restaurants are at imminent risk of closure, a result of declining consumer confidence and ongoing inflation.
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More than one in ten British pubs are at imminent risk of closure, with 11% of the UK’s pubs classed as technically insolvent and facing maximum credit risk, according to analysis by accountancy firm Price Bailey.
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According to accountancy firm Price Bailey, pub closures reached a decade high in 2023.
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Restaurant closures surged to the highest-ever quarterly figure in Q4 2023, according to accountancy firm Price Bailey.
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Pub closures reached back-to-back quarterly records in Q2 2023, smashing the previous unwanted benchmark set in Q1.
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Pub closures reached the highest quarterly figure in a decade in Q1 2023, according to top 30 accountancy practice Price Bailey.
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