The pub sector continues to have the lowest proportion of companies at higher than normal insolvency risk
of any region in the UK, while the agriculture and restaurant sectors are in second place in their respective lists.
R3's monthly statistics for July, compiled using Bureau Van Dijk's Fame database, highlight that about two-infive businesses in the region - 41 per cent - are now in the elevated insolvency risk
band, equivalent to around 120,000 companies.
Systemic insolvency risk
also remains low: the banking system was well-capitalised in 2018, although there were major differences in the capital position from bank to bank.
R3's figures also show that the north west's pop-up shops and market stalls have a lower rate of insolvency risk
than either online or shop-based retailers - with 31.6pc considered at higher than average risk of insolvency in the next 12 months, compared to 40.6pc for high street stores and 34.3pc for e-commerce firms in the region.
Now under limited liability, low up-front capital gives rise to an endogenous insolvency risk
as, depending on contract offers and the distribution of risk types over the contracts of an insurer, there might not be sufficient assets to fulfill all claims.
Julian Watson, KW Law; John Cooper, The Wilkes Partnership; Vincent Claxton, Insolvency Risk
The post-election euphoria at the end of the lean first month (July) of the financial year, bilateral inflows, a pick-up in remittances, deferred payment arrangements to stall a drawdown on reserves and a viable contingency plan by the caretaker government to deal with the insolvency risk
combined to perk up currency and capital markets over the past week.
There is a $12 billion short interest in the shares, proving that the smart money believes insolvency risk
is dangerously high.
The firm said that the new oplon platform provides the tools and skills of a rating agency for the assessment of the counterparty insolvency risk
and the management of exposure portfolio.
The previous literature is mostly based on the US banking system, are either based on portfolio diversification effects on insolvency risk
(Lepetit, Nys et al.
Eleanor Temple, chair of R3 in Yorkshire, said: "Over the last 11 months, we have seen a worrying increase in levels of insolvency risk
across many sectors throughout the UK amid consumer concerns about inflation and business uncertainty about Brexit.
The recent pullback in the stock is based concerns that are "largely without merit," Shah tells investors in a research note titled "Keeping the Faith." He notes the concerns center around accounting, insolvency risk
, and passenger safety.