A piece in the Independent earlier this month outlined results of a poll which found that a third of Britons think they have an idea that could ‘make them millions’.

Though the reasons as to why these have never been actioned vary, with some citing the expense of modern living and others a lack of time, one additional thing was clear: 43% of those surveyed say they would like to start their own company.

As outlined here, the start-up boom in the North West may have slowed in May, but over the past couple of years there has been a huge rise in the number of start-ups across the UK.

This growth in our entrepreneurial culture has increased the importance of the role of licensed insolvency practitioners, such as Walsh Taylor, in assisting clients with their financial situation; finances are typically tight among start-ups and managing cashflows is crucial.

Taking into account that generally around half of companies are said to fail within the first year, what can be done to reduce this figure?

Walsh Taylor has rightly said in a past article that there are lots of reasons, particularly relating to cashflow, why organisations do not do as well as they would like. Many of these factors can be completely beyond the control of business owners and directors.

With that being said, one common situation that we have seen time and time again is business owners leaving it too late to seek help. The longer finances are left to spiral out of control, the less options there will be once expert advice is finally sought.

If you are based in Yorkshire or the North East and would like any assistance, please feel free to get in touch with one of our Leeds, Harrogate, Bradford and Darlington teams today.

You can do so by either calling 03300 244 660 or emailing confidential@www.walshtaylor.co.uk.

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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