THE scale and pace of the financial challenges facing many UK households has been revealed this week in new insolvency research. It shows that a record number of county court judgments (CCJs) were issued last year against individuals who fell into debt – double the level of eight years ago. […]
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Yorkshire business start-ups soar despite insolvency challenges
AMID media headlines of insolvency, administration and bankruptcy on the UK High Street, there is at last some upbeat news for Yorkshire businesses. New figures have revealed that despite Brexit and a raft of well-publicised financial challenges facing the economy, the number of companies in Yorkshire grew by almost 9,000 during […]
Read MoreWorrying news checks into the hotel sector as insolvencies soar by 60 per cent
IT’S long been a standing joke among hoteliers that January is “the month when Yorkshire is closed”. Bad weather, the return to work, and credit card bills dropping on people’s doormats after the Christmas spending spree form a triple whammy for the Yorkshire leisure sector. And the New Year has […]
Read More‘Caution’ the watchword for businesses’ New Year resolutions, say insolvency analysts
THE New Year has ushered in mixed news for those businesses across Yorkshire and the North East struggling to overcome financial difficulties as they head into 2020. After a year hallmarked by a triple whammy of Brexit, political uncertainty and financial turbulence, the very latest insolvency research has unwrapped what’s […]
Read MoreRetailers pin hopes on Christmas cheer after a year of insolvency on the High Street
CHRISTMAS is a time when retailers across Yorkshire and the North East hope their tills will go jingle all the way. But at the end of an annus horribilis, in which the High Street has faced unprecedented insolvency challenges, there are mounting fears that a further sack full of big […]
Read MoreNew insolvency map of England highlights hotspots in Yorkshire and the North East
AN insolvency map of England and Wales has been unveiled by the Government – and towns and cities across Yorkshire and the North East are highlighted among the hotspots for financial pressures. The Insolvency Service has created the insolvency map after capturing and scrutinising data from Parliamentary constituencies up and […]
Read MoreFor sale! Ten estate agencies a week set to go out of business as insolvencies double
THEY are trusted with the biggest investment many of us will ever make in our lifetime – but new insolvency research has revealed the number of estate agencies going out of business has gone through the roof. Across Leeds, Bradford, Halifax, Huddersfield, Harrogate, York, Sheffield, Newcastle, Sunderland, Darlington, Durham and […]
Read MoreGame, set and match to the Insolvency Service as tennis ace loses bankruptcy case
THE bankruptcy case involving one of tennis’s all-time greats has served up a warning about the importance of being open and honest. For Boris Becker has had his bankruptcy order extended to 2031 after failing to disclose transactions of £4.5m. And his actions mean it’s now game, set and match […]
Read MoreNew figures unveil the growing insolvency challenge facing young people
THE decision by the UK’s biggest payday lender to enter administration, coupled with a sharp rise in the number of personal insolvencies, has again thrust the state of people’s finances under the media spotlight. Hitting the insolvency headlines within days of each other, the stories have also triggered the question […]
Read MoreFrom TV’s Dragons’ Den to insolvency, the roaring business success that suddenly failed to fire
IT was an invention that gripped the imagination of millions of Dragons’ Den viewers – quite literally. But now a firm founded by the youngest entrepreneur to secure investment on the popular BBC show is on the cusp of insolvency. Gripit Fixings, which makes a product designed to fix […]
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