Hotel and leisure insolvencies increase in September

29 October 2010 by
Hotel and leisure insolvencies increase in September

The number of hotel and leisure insolvencies increased slightly last month, although the long-term trend remains positive.

According to the latest Insolvency Index from Experian, 113 hotel and leisure businesses went under in September, compared with 105 in August.

Year-on-year, September's 113 insolvencies were ahead of 2009's 107 also, although the trend in recent months has shown a gradual recovery, with insolvencies within the hotel industry falling.

The increase in hotel and leisure insolvencies came against a mixed national picture in September, which, after months of improvement, saw an increase in insolvencies month on month, although the situation still remains better than a year ago.

Max Firth, managing principal of PH, an Experian company, said: "This underlines why businesses must be vigilant and closely monitor the financial health of every organisation they do business with."

Recent exclusive research for Caterer and Hotelkeeper revealed cautious optimism among operators, who remain fearful of the effect of public sector cuts on trade next year.

Research reveals cautious optimism >>

Maypole Group goes into administration >>

Number of hotel insolvencies continues to fall >>

By Chris Druce

E-mail your comments to Caterer News here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking