Greater Manchester Businesses in Crisis | Manchester News

Nine Manchester businesses hit administration this month, including a care home and employment agency, as over 100 firms across the region face similar crises this year—with January the worst yet. Nationally, insolvencies dipped slightly in May, but rising costs, political uncertainty, and unaffordable finance continue to crush businesses. When companies enter administration, insolvency practitioners step in to either rescue them or liquidate assets for creditors. With economic pressure mounting and creditors tightening the screws, demand for financial help is soaring—highlighting a tough, uncertain landscape for UK businesses. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8f02c3a4e732bcdd