Whilst stress and education are known to go hand in hand, most tend to think that students connect these two things. It has recently been revealed, however, that it is actually the universities that are currently experiencing their fair share of difficulties.

According to a piece released by British newspaper i earlier this month, a minimum of three UK universities are on the ‘brink of bankruptcy’ and looking to secure short-term bridging loans to keep them afloat. Out of the three, one is said to be based in the North West and the other two on the South Coast, with one of these apparently already holding talks with an insolvency specialist.

The issues have been blamed on the growing competition to enlist new pupils, a demographic drop in the amount of 18-year-olds and stricter immigration controls on those coming from abroad to study. As it has led to them dealing with fierce opposition, the removal of the cap on the numbers that universities can recruit has not helped either.

In response, as reported on by the Guardian, Sir Michael Barber, the head of the Office for Students, has warned higher education establishments that the regulator will only act to protect the interests of students and will not ‘prop up’ failing institutions.

Despite this, it was discovered shortly thereafter that the watchdog did in fact provide an almost £1-million bailout to an unnamed university.

Working with both individuals and organisations, the Leeds, Harrogate, Bradford and Darlington-based teams at Walsh Taylor help clients to formulate workable solutions for their financial problems.

For more information on our services and how we can assist you, please click here.

Alternatively, to receive free, confidential advice, do not hesitate to get in touch today by either calling 03300 244 660 or emailing 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.

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