BUSINESS insolvency experts say that the marine sector in Hampshire and the South East is showing a brighter outlook than many other industries in the region.
Insolvency experts from Southern Committee of R3 carried out research tracking the proportion of businesses across key sectores that have a heightened risk of entering insolvency in the next year.
Chairman of the Southern Committee of R3 and a director at Quantuma in Southampton, Andrew Watling said: “While many industries saw a huge jump in the number of businesses at high risk of insolvency at the beginning of 2015, the marine sector is sailing relatively smoothly.
“Big events like the London Boat Show and the recent naming and departure of the Britannia shows there’s still a lot of national interest, while grant money like the Solent LEP’s Defence Growth Partnership SME fund is doing a lot to keep local marine businesses afloat.”
“It is not uncommon for there to be a spike at the beginning of the year in the number of businesses across the sectors that are considered at high risk of insolvency.
“This can mostly be put down to companies who are overdue with filing in the calendar year.”
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