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Retail sector accounted for 16% of UK administrations in 2023, analysis reveals

Accountancy Today

The retail sector accounted for 16% of administrations in the first six months of 2023 – the highest industry in the UK, according to analysis by full-service law firm Shakespeare Martineau. The hospitality, real estate and manufacturing sectors also remained in the top five.

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Construction, manufacturing and retail account for 40% of administrations

Accountancy Today

The retail sector accounted for 10% of the administrations in the first six months of the year – the third highest industry in the UK and only beaten by construction and manufacturing – according to analysis by full-service law firm Shakespeare Martineau.