The UK’s North-South economic divide is well documented. In recent years, thanks to the so-called Northern Powerhouse government spending has been roughly evenly split between the both the North and South of the UK. Although there are more businesses set up in the south of the country, insolvency rates are higher in the North.

If new government figures are anything to go by then it is apparent that these inequalities are still very much present, as R3, the insolvency and restructuring trade body, has found that organisations based in the North have the highest insolvency rates in the entire country.

The average percentage of companies becoming insolvent across England and Wales was 0.8% last year, whereas Yorkshire and the Humber, the North East and North West’s figures were a 1.3%, 1.2% and 1% respectively.

Interestingly, locations aside, the stats also showed that firms that are four to nine years old, have a turnover of £0.5 million to £1 million or employ 20 to 49 people are most at risk. Very small or large businesses, on the other hand, are generally in the least amount of danger. This highlights the difficulties of companies attempting to ‘scale up’ and grow.

Having worked with hundreds of organisations throughout the country assisting them with their financial problems, the insolvency practitioners at Walsh Taylor understand the potential perils of accelerating growth too quickly. Additionally, with branches in Leeds, Harrogate, Bradford and Darlington, we know the struggles of firms based in the North of England first hand.

Regardless of the cause of the monetary issue, we always advise clients to seek help as soon as the pressures are identified. This allows us to outline any immediate actions that should be taken, as well as talking clients through all the possible outcomes.

For more information on how our business recovery and insolvency services can be of assistance, please feel free to get in touch today by either calling 03300 244 660 or emailing

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.

Meg Heath

Meg has a background in supporting SMEs, including the raising of finance and advising on organisational change. She is a non-executive director of companies in the private and third sector, including Walsh Taylor.

Previously she was Deputy Fund Director of one of the largest CDFIs in the UK, and has experience of the social enterprise, charity and private sectors. Her experience of assisting companies to survive and thrive has been gained across a broad range of sectors and in companies of all sizes.

In addition to her work at Walsh Taylor she works for other private companies, including non-executive and trustee positions.

Emma Mifsud
Insolvency Practitioner

After graduating from Leeds University in 2005 with a BA Hons degree in Criminology, Emma worked for a regional law firm in both the property department and insolvency and banking department. Whilst doing so Emma gained a Graduate Diploma in Law at BPP University.

Emma then joined a national accountancy firm in 2009 gaining experience in personal insolvency before moving to a Leeds based firm. At this firm Emma specialised in bankruptcies, IVA’s and negotiating informal agreements with creditors. In 2013 Emma gained her CPI qualification.

Since joining the firm in December 2013, Emma has taken on a portfolio of personal and corporate insolvency cases to extend her knowledge and expertise in all areas of insolvency.

In December 2017 Emma become a licensed appointment taker under the Insolvency Practitioners Association, she is JIEB qualified.

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