New report suggests 12% of all UK restaurants face insolvency

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.

Post-Budget fallout looms over UK insolvency reprieve

More than one in ten British pubs at risk of closure

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.

Hospitality insolvencies jump 59%

The latest insolvency figures show just how hard the hospitality industry has been affected by the cost-of-living crisis and soaring energy bills, with pubs, bars and restaurants some of the worst hit among UK businesses.