Despite a rich industrial heritage, there have been signs over the course of this year that the North East economy is struggling. As discussed by Walsh Taylor in March, local companies are facing an increased risk of insolvency, and the region has recently been revealed to have issues with work-life balance and a skills shortage.

To compound these problems, according to new data from Lloyds Bank, business confidence in the area has declined from 38% to 25% in the first half of 2018 and fewer organisations are planning on both growing investment (from 21% to 18%) and hiring new recruits (from 14% to 8%).

These findings, which featured in the latest ‘Business in Britain’ report, were gathered after asking for the views of more than 1,500 UK-based companies (with most of these being SMEs). The survey measured a host of performance and confidence parameters and weighed up the percentage of firms that have a positive outlook against those that possess a negative one.

Commenting on the results, Kelly Green, Lloyds Bank’s Regional Director for the North East, conceded that businesses are being challenged at the moment by the Brexit uncertainty and concerns over global demand.

She points out the fact, however, that confidence remains in line with the national average and is actually the highest among the other Northern Powerhouse regions. This apparently suggests that organisations are maintaining their resilience and are comfortable operating under the current climate.

In having an office in Darlington, one of the North East’s largest towns, Walsh Taylor’s licensed insolvency practitioners are always here to help individuals and corporations to identify the very best solution for their financial problems.

For any more information on our business support services, please do not hesitate to call 03300 244 660 today.

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.

Walsh Taylor Finding workable solutions for your financial problems
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