The number of start-ups in Wales soared in the first quarter of 2022, but insolvency-related activities are also on the rise, R3 has said.
New research from the insolvency and restructuring trade body has found that more than 4,300 new Welsh firms were started in Q1 this year - with almost half registering in March alone.
Figures, based on data from online company credit score provider Creditsafe, revealed that the number of start-ups rose from 372 businesses in January to 2,116 in March this year - an increase of 469% and the biggest percentage change in any UK region or nation.
