It is no secret that Britain’s personal debt issue has intensified over recent years. With the likes of payday loans, growing use of personal contract plans for purchasing cars and low interest rates, the total level of consumer debt (excluding student loans) reached over £200 billion last summer. This is a high that has been unseen since the financial crash.

Whilst the whole nation’s economic struggles are much publicised, recent data released by the Insolvency Service has shed light on how well different geographical parts of England and Wales are fairing with the financial pressure.

Stoke-on-Trent, Plymouth, Hull and Scarborough may have had the highest rate of personal insolvencies in 2017, but it was the North East that once again had the highest rates of any region across the country.

Having reported that written about businesses within the area were facing a rising risk of insolvency back in March, it appears that this trend has continued and we have supported clients at our office in Darlington and many clients in the North East.

Elsewhere, insolvency levels grew in all age groups aside from the over-55s. With 18 to 44-year-olds being on the receiving end of the largest increase, young people were hit the hardest.

Please see below for a summary of the top ten highest and lowest insolvency rates, based on cases per 10,000 of the population:


Stoke-on-Trent 44.8, Plymouth 40.4, Kingston upon Hull 39.5, Scarborough 38.5, Blackpool 38.1, Corby 37.4, Isle of Wight 37.4, Torbay 37.1, Gloucester 36.4 and Harlow 34.3.


Westminster 9.0, Kingston upon Thames 9.0, Wandsworth 9.1, Harrow 9.4, Camden 9.7, Kensington and Chelsea 9.8, Wokingham 10.0, Barnet 10.4, Richmond upon Thames 10.4 and Rushcliffe 11.1.

If you are in an uncomfortable financial position then it is best to seek advice as early as possible. The sooner this is provided, the sooner you can be made aware of the options available to you.

For more information on Walsh Taylor’s services or how we can help, please call 03300 244 660.

Mary Taylor

Mary began working in insolvency for a national accountancy practice in Glasgow thirty years ago and worked in most divisions of the insolvency department.

She then moved to a smaller firm so she could advance her knowledge on a more hands on basis. She moved back to Leeds in 1987 and commenced working with a small firm of accountants and subsequently made partner.

She left in 1999 to set up her own practice, McCann Taylor.
McCann Taylor became involved with the consumer market both in England and Scotland.

Mary sold McCann Taylor in March 2007 and formed Walsh Taylor to concentrate on helping businesses experiencing financial difficulties.

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