As discussed recently in a previous Walsh Taylor article, business confidence in the North East has seen a decline in 2018 with factors such as skills shortage and the local economy contributing to this.

New data has revealed that despite the number of active companies in the region increasing over the third quarter, a greater proportion are now at risk of insolvency.

R3, the insolvency and restructuring trade body, reported that the firms with a ‘higher-than-normal risk’ of going insolvent in the next 12 months rose from 40% to 42% across Q3. Those operating in the retail and professional services sectors in the area are in particular struggling compared to the rest of the UK, with both sitting near the bottom of the national average table in their respective industries.

In response, Andrew Haslam, the North East Chair of R3, pointed out that the entrepreneurial spirit which has seen an increase in the amount of North East organisations is a good sign. He additionally said that whilst key summer events like the World Cup will have boosted the leisure sector, they will have had a negative impact on retailers. As such, store owners will be hoping that shoppers step out to make their Christmas purchases as early as possible.

With an office in Darlington, one of the North East’s largest towns as well as in Leeds, Harrogate and Bradford, our licensed insolvency practitioners are always on hand to provide business support services to both individuals and businesses throughout the North of England.

To find out more about how we can help you, please call 03300 244 660 for free, confidential advice.

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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