Out of 3,967 businesses that stopped trading in the first quarter of 2017, 11.2% were hospitality companies and 13.2% were in the retail and food and drink sectors.
Hasib Howlader, director at Hudson Weir, said: “Out experience in terms of the types of companies we are liquidating is borne out by the statistics.
“It’s a different world now - in terms of political and economic events it’s possibly the most uncertain time since the Second World War.”
The study found that inadequate cash flow was the common factor that linked the insolvencies.
Hudson Weir has said that financial trouble tends to strike early in business, with 41.4% of businesses formed in 2010 still trading five years later.
For companies in the hospitality sector, Hudson Weir has suggested companies offer seasonal promotions and incentives for repeat custom, in response to the research.