It has been revealed recently that a massive 93% of UK business owners are expecting a decline in revenue in 2019, with Brexit being cited as the biggest reason.

The data, which was gathered in a report named ‘Business Insight: The Data Surge’ by MHR Analytics, a tailored commercial software provider, involved the polling of 200 senior decision-makers in both large and medium-sized companies on their future investment plans.

When these were asked about what was most likely to prompt an income drop, 57% answered with the country’s decision to leave the EU, whereas 22% blamed a decrease in customer spending and 10% put it down to the General Data Protection Regulation that came into effect towards the end of May.

According to the survey, 59% of organisations will boost the money they spend on IT to ward off the potential downturn, suggesting that they have identified tech as of huge importance. Elsewhere, 48% and 46% respectively see marketing and sales as areas worth investing in.

Nick Felton, Senior Vice President of MHR Analytics, commented that whilst it is clear that companies are bracing themselves for significant turbulence next year, it is reassuring to see that they are adopting combative approaches to mitigate the impacts.

Possessing decades of experience in business recovery and insolvency, the Leeds, Harrogate, Darlington and Bradford-based teams at Walsh Taylor understand the stresses of financial pressure.

Though many owners are unsure of what to do first when issues arise, we recommend enlisting in help as soon as possible to reduce the risk of the problems worsening. In seeking assistance early on, more options are typically available to you.

If you are therefore based in Yorkshire or the North East and would like any more information on our services, please feel free to call 03300 244 660 or email confidential@www.walshtaylor.co.uk.

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.