Fresh data from the UK Government’s company insolvency statistics can reveal that insolvencies in the accommodation and food services sector were down 12% year on year for April, with 275 going bust during the month.
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The first House of Lords committee debate took place this week on the Employment Rights Bill after its successful passage through the House of Commons.
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Fresh data from the Insolvency Service shows an 11% drop in company insolvencies among businesses in the hospitality sector. The fall signals a slight improvement, however the number still remains historically higher than pre-pandemic levels.
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The latest company insolvency statistics reveal a 20% increase in accommodation and food service insolvencies over the year to May 2024, rising from 3,133 in the 12 months to May 2023 to 3,752 in the 12 months to May 2024. However, there was a 9% decrease in month-on-month insolvencies in May 2024.
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June’s like-for-like sales at Britain’s top managed restaurant, pub and bar groups were 5% ahead of the pre-Covid-19 levels of June 2019, the latest Coffer CGA Business Tracker reveals.
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Like-for-like sales at Britain’s leading managed restaurant, pub and bar groups in May were just 0.1% ahead of the pre-Covid-19 levels of 2019, the latest Coffer CGA Business Tracker reveals.
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