Insolvency-related activity and profit warnings from South West firms have shot up, a grim set of reports into the region’s economy have found.
Research has found the South West saw the biggest increase in liquidator and administrator appointments and creditors’ meetings across the whole of the country during the last financial quarter.
Almost 400 cases were recorded by Creditsafe for restructuring trade body R3, a 23% jump from the second quarter after “steadily increasing” since May.
