As you may have noticed from reading some of our most recent blog articles, insolvency has hit the headlines several times in the past couple of months.

First came the news that the amount of UK businesses facing insolvency had grown significantly throughout 2017, then the Carillion collapse, followed finally by clothing retailers suffering from a rise in liquidation rates.

This trend is unfortunately not showing any signs of stopping, as it was announced last week that the number of North East-based companies with a high risk of entering insolvency has increased by 7%.

Trade body R3 found in their latest rankings that since December 2017, the likelihood of professional service firms that may enter insolvency within the next year has risen from 39% to 46%; a sizeable jump in just four and a half months.

In times like this it is crucial that companies review their financial situation regularly and take steps to protect themselves from these increased risks.  The starting point for many is identifying strategies and actions that can be taken now, and a discussion with Walsh Taylor can assist companies in doing this.

In total, of the 80,000 active organisations currently operating in the North East region, 37% of them possess a higher-than-normal risk of insolvency, compared to 33% at the end of 2017.

Despite this, the area’s leisure industries are still faring well when put side by side with their UK peers. Its restaurant sector is additionally at the top of its sectoral business stability table, whereas the pub and hotel sectors are in the second and third positions.

With an office in Darlington, one of the North East’s largest towns, Walsh Taylor’s licensed insolvency practitioners are always on hand to work with both individuals and organisations and help them to formulate workable solutions for their financial problems.

With offices also in Leeds, Harrogate and Bradford, we can offer our expert services to those throughout the rest of the UK as well.

If you would like any more information, please call 03300 244 660.

Mary Taylor
Director

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.

Kate Ellis (neé Breese)
Insolvency Practitioner

Kate has worked in insolvency since 2001 starting out at a firm of solicitors in Leeds and latterly gaining positions within two national accountancy firms.

During this time Kate gained extensive experience in all aspects of personal and corporate insolvency, for the first part of her career specializing in personal insolvency and latterly corporate.

Kate has been with Walsh Taylor since its incorporation in September 2008.

Kate is CPI and JIEB qualified, is experienced in a variety of industries and sectors and is the firm’s joint appointment taker.

Meg Heath
Director

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
If you would like us to contact you by phone please include your phone number or call us on 03300244660.