Start-up formation sees an 11% increase but commercial judgements also up

Sector with the largest growth was the motor trade sector, up 31%, followed by the IT sector at 28%, and agriculture with 23%

'Retail and hospitality continue to account for a significant share of insolvencies, underlining the impact of inflation on consumer-facing businesses,' CRIFVisionNet said

Credit risk analysis firm CRIFVisionNet has recorded an 11% increase in the number of new start-ups during the period July through September, compared to the same period last year, with sectors such as motor, IT, and agriculture seeing significant rises.

However, commercial judgments against firms have jumped by 30% in this three-month span, reaching a total of 1,428 cases, which the company said “underscores the ongoing challenges businesses face, particularly in the wake of recent tariffs”.