Retailers’ risk of insolvency is dropping, claims report

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THE proportion of retail businesses at risk of insolvency has dropped for the sixth month in a row, figures reveal.

But the report by the R3 association of business recovery professionals shows that more than 30 per cent of businesses across the south-east face a ‘higher than normal risk’ risk of insolvency.

R3 southern committee chairman Andrew Watling said the figures were promising. He said: ‘Now that students are returning to the region’s cities, we will see increased spend both on the high streets and online.

‘However, this busy period can often mask problems that will rear their heads in the new year when trade traditionally drops again.

‘For any businesses having a hard time, we urge them to seek professional advice before it’s too late.’