Register activity remained steady with 15,644 annual filings, but model re-ratings dropped sharply to 3,523—a snapshot too early to read as trend. Within this limited movement, IT and software services showed the sharpest tilt toward exit (1.8x over-represented), whilst employment recruitment and Northern Ireland both flagged notably elevated credit appetite, though on small numbers (7 and 10 companies respectively); the broader credit pulse split across construction, food and beverage, and the South West with no single sector dominant.
Anonymised by design: cohorts and counts only, never a named company.