Business
R3 Wales responds to May 2025 insolvency figures
CORPORATE insolvencies in May 2025 rose by 7.9%, totaling 2,238 compared to 2,074 in April 2025, marking a 15% increase from 1,946 in May 2024. However, this represents a 10.2% decrease from May 2023’s total of 2,493.
Personal insolvencies slightly decreased by 0.5% in May 2025 to 10,014, down from April’s total of 10,060, yet they have risen by 5.5% compared to May 2024’s figure of 9,493. Compared to May 2023’s total of 9,113, personal insolvencies have increased by 9.9%.
Bethan Evans, Chair of R3 in Wales—the UK’s insolvency and restructuring trade body—and Partner at Menzies LLP, commented: “The monthly rise in corporate insolvencies is largely driven by increases in Creditors’ Voluntary Liquidations and Administrations. Year-on-year, we’ve seen a notable rise in companies actively entering these processes and an uptick in Compulsory Liquidations. The economic landscape remains challenging, evidenced by directors proactively winding up their businesses and creditors, particularly HMRC, pursuing unpaid debts through court actions.
“Economic and geopolitical uncertainties are significantly reflected in current insolvency figures. April’s introduction of new National Insurance rates, an increase in the National Minimum Wage, and continuing concerns around US tariffs contributed notably to this challenging environment. These issues, compounded by persistently high inflation and rising operational costs, continue to impact business planning and viability.
“The ongoing uncertainty surrounding US tariffs has introduced additional complexities for businesses, forcing a shift toward reactive, short-term planning rather than strategic long-term approaches. While adjustments to tariffs offer relief to some industries, costs remain higher year-on-year, and several critical details are yet to be finalized.
“Domestically, businesses continue to struggle with increased National Insurance and wage expenses. To manage these heightened costs, many firms are reluctantly increasing prices, downsizing staff, or delaying expansion plans, raising potential concerns for broader economic health in the longer term.
“Despite recent growth in the construction sector, businesses within this industry remain challenged by slim margins, rising costs, and delayed payments. Meanwhile, retail and hospitality sectors face subdued consumer spending. These businesses urgently need strong summer performance to recover from recent setbacks, yet continue cautious approaches such as recruitment freezes, non-replacement of departing staff, and reduced hours for casual workers.
“In personal insolvencies, the minor monthly decline stems from fewer Debt Relief Orders and Individual Voluntary Arrangements (IVAs), although IVA numbers have grown year-on-year. Bankruptcy filings have also seen slight increases. However, the notable rise in Breathing Space numbers indicates more individuals are actively seeking debt management support, reflecting worsening financial pressures over recent months.
“The ongoing cost-of-living crisis continues to erode household purchasing power. Even though inflation has eased slightly, prices remain elevated, forcing consumers to tighten discretionary spending significantly. Households remain cautious, prioritizing essential spending, seeking discounts, and adapting shopping habits to stretch their budgets.
“We strongly encourage anyone facing financial distress, either personal or business-related, to seek professional advice promptly. Early engagement provides more options and greater opportunities for positive outcomes. Most R3 members offer initial consultations free of charge to discuss concerns and outline possible solutions.”
Business
Pembrokeshire Lydstep Beach Village development refused
A CALL for an extra sign advertising a Pembrokeshire holiday park, adding to exiting unauthorised ones, which planners say would create “visual clutter and intrusion” and a distraction to drivers, has been refused.
In an application to Pembrokeshire Coast National Park, permission was sought, through Lakeside Signs Limited, for an additional sign advertising Haven’s Lydstep Beach Village, near Tenby, the sign proposed for North Lodge where the holiday park joins the main road.
Pembrokeshire County Council’s highways authority raised no concerns regarding the specific location of the sign, but said “there remains a broader concern regarding the cumulative impact of signage along this section of highway,” adding: “The increasing proliferation of signs in this location has the potential to create a visually cluttered environment, which may distract drivers and, in turn, give rise to road safety implications.”
A Park officer report recommending refusal said: “Currently, there are eight flagpoles, one A-frame banner type sign, one pole mounted panel sign, and a further panel sign, located behind the stone wall on the western side of the park’s entrance. None of these advertisements have the benefit of advertisement consent.”
It added: “The increasing number of signs in this location has the potential to create a distraction to drivers, which may result in road safety implications. In addition, the proliferation of signage would create clutter that would result in visual intrusion in this countryside location affecting amenity. As such, the recommendation is to refuse.”
It went on to say: “Whilst it is not deemed that the proposed advertisement would result in harm being caused to the specific special qualities of this area, there are concerns that the display of this advertisement would, along with the remainder of the advertisements, which are unauthorised, result in a proliferation of advertisements, which in turn would cause visual clutter and intrusion.
“This is especially problematic in a countryside location where development is strictly controlled. Should the existing signage be consolidated and rationalised, the Authority may support the proposed sign, however, currently, any additional signage would not be deemed appropriate.”
The application was refused on the grounds that it would, along with the exiting signage, “result in visual clutter and intrusion which would detract from the visual amenity of this countryside location, and would result in potential distraction to drivers, which in turn would rise to road safety implications”.
Business
The Cheesecake Guy store could be coming to Saundersfoot
SAUNDERSFOOT’S Coal Building interpretation centre could soon host the third store for Welsh cheesecake business The Cheesecake Guy Ltd, in plans before the national park.
In an application to Pembrokeshire Coast National Park, Craig Taylor of Merthyr Tydfil-based The Cheesecake Guy Ltd seeks a change of use of part of Saundersfoot’s Cambrian Terrace Coal Building interpretation centre to create a small retail unit.
On its website, The Cheesecake Guy says of its business and products: “Established in 2019, The Cheesecake Guy is all about delivering indulgent, handcrafted cheesecake desserts with a twist. While we offer a range of sweet treats, our specialty — and customer favourite — is the signature cheesecake jar.
“Made with quality ingredients and packed with rich, creamy layers, our jars are the perfect dessert for any occasion. Whether you’re treating yourself or sharing with others, The Cheesecake Guy brings a spoonful of happiness to every bite.”
While no supporting statement has yet been published for the Saundersfoot proposal, the application says the scheme would employ two full-time members of staff, operating 10am-6pm Mon-Sat, and 10-5 on Sundays and bank holidays.
It says the proposed site is currently a mixed-use retail and gift shop, having previously been used as office space.
It adds: “This is a space within a building that is still trading, the space we are wanting a change of use was last used by Persimmon Homes as an office space.”
Of the scheme itself it says it will involve “retail sales of pre-prepared desserts and merchandise,” adding there will be “no on-site manufacturing or heavy processing,” with “equipment limited to display fridges and freezers”.
If approved, the Saundersfoot site would be the third outlet for The Cheesecake Guy, with sites in Merthyr, and, more recently, Newport Market.
After that store opened following redevelopment of Newport’s Victorian market, Craig Taylor, of The Cheesecake Guy, said: “We are very excited to be part of the new development in Newport Market alongside some other amazing small businesses.
“We feel this is definitely the next step in the right direction after our Merthyr Tydfil store taking off so well.”
For its Newport site, The Cheesecake Guy says: “We specialise in creating a wide variety of cheesecake desserts that cater to all tastes. Our menu features popular favourites that have won the hearts of many, alongside exciting new creations designed to keep your taste buds satisfied.
“Whether you’re a classic cheesecake lover or an adventurous foodie, we promise a cheesecake experience like no other. Each cheesecake is made with the utmost care, ensuring a rich, creamy texture and a burst of flavour in every slice (or jar!).”
The Saundersfoot proposal will be considered by park planners at a later date.
Business
Pembrokeshire Broad Haven holiday park works refused
A DEVELOPMENT call for a Pembrokeshire holiday park has been turned down by Pembrokeshire Coast National Park.
In an application to park planners, Broad Haven Holiday Park, through agent Gerald Blain Associates, sought permission for the relocation of a boat storage area, vehicle shed and play area along with rewilding of adjoining fields at Broad Haven Holiday Park, Broad Haven, near Haverfordwest.
The application was supported by local community council The Havens.

However, an officer report recommended refusal.
Detailing the application, it said: “The proposal relates to the extension of an existing static caravan holiday site into adjacent undeveloped woodland to accommodate the relocation of boat storage, a vehicle shed, and a children’s play area, together with associated ecological mitigation measures. No increased pitch numbers are proposed.
“The development site has already undergone some site clearance, resulting in the removal of approximately 1,000 square metres of woodland.”
It went on to say: “The existing site is already intervisible with the coast, and the proposed relocation of boat storage would likely increase its visibility rather than reduce it. Without supporting evidence in the form of a Landscape and Visual Impact Assessment (LVIA) or Zone of Theoretical Visibility (ZTV) demonstrating that the development would be visually contained, the proposal appears contrary to the guidance contained within the SPG and the objectives of Policy 41.
“As a result, the proposed development is considered to detract from the special qualities of the National Park in this location and would be detrimental to the quality and character of the landscape character area in which the site sits, and as such does not comply [with policies].”
The application was refused on grounds including it being sited within previously undeveloped land within a flood zone, a lack of information on potential impacts on biodiversity, and it is “considered to detract from the special qualities of the national park in this location and would be detrimental to the quality and character of the landscape character area in which the site sits”.
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