Shops in the South East are continuing to perform well with retail standing out as one of the most robust sectors in the region this month, according to research by R3.
The latest research by restructuring and insolvency trade body R3, compiled using Bureau Van Dijk’s Fame database, reveals that while many of the sectors R3 monitors experienced marked rises in the number of businesses at increased risk of failure, retail saw a rise of just 3% since September, close to the average across the UK of just 2.3%.
However, although distress in retail does not appear to be worsening significantly, it remains at a fairly high level – of the nearly 26,000 active businesses in the sector in the South East, 7,330 are in the overall negative band. This represents 28.3% of shops in the region, slightly higher than the national figure of 26.5%.
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