THE Government has revealed the towns and cities with the highest rates of personal insolvency – and four of the top ten are in Yorkshire and the North East.

Scarborough, Kingston-upon-Hull, Barnsley and Stockton-on-Tees all feature in the list, published by the Insolvency Service.

Furthermore, there are no places in Yorkshire and the North East that appear in the table of English and Welsh towns and cities with the lowest number of insolvencies.

Insolvency analysts point to the Insolvency Service research as yet another example of a North-South financial divide.

The split comes as Insolvency Service data shows that the number of people becoming financially insolvent has risen for a third year in a row.

It highlights women, and people living in coastal towns, as the groups most likely to face insolvency.

The Insolvency Service highlighted these two growing trends in its latest annual report, which stated that the overall insolvency rate in 2018 hit 25 per 10,000 adults – an increase of 3.6 per 10,000 on the previous year.

While there was a number of insolvency blackspots in Yorkshire and the North East, Stoke-on-Trent had the highest insolvency rate nationally at 51.9 per 10,000 adults – more than double the national average.

It went on to say that, historically, men have tended to have a higher insolvency rate than women. But that this had changed significantly in recent years, partly as a result of the introduction of debt relief orders (DROs) which people can enter if they have less than £1,000 of assets and £20,000 of debts.

The effect of relationship breakdowns, greater part-time working, and lower average salaries, were also factors in the rise of personal insolvency among women.

The Insolvency Service said the insolvency rate for women was 26.6 per 10,000 adults against 23.3 for men.

These figures serve to highlight the extent to which individuals are suffering from financial pressures, particularly in Yorkshire and the North East.

Here at Walsh Taylor, we urge anyone needing help to seek professional advice as soon as the issues and pressure points are identified – or even before.

This will allow us to make you aware of all the potential options available to you, tailored for your situation – however complex and challenging it may seem.

For more information on how our licensed insolvency specialists and businesses recovery teams in Leeds, Bradford, Harrogate and Darlington can help, please call us on 03300 244 660 or email

The 10 places with the highest insolvency rates in England and Wales in 2018, per 10,000 adults

  • Stoke-on-Trent51.9
  • Scarborough47.8
  • Torbay45.7
  • Plymouth45.2
  • Kingston upon Hull44.9
  • Blackpool43.8
  • Corby42.1
  • Burnley40.4
  • Barnsley39.9
  • Stockton-on-Tees39.8

The 10 places with the lowest insolvency rates in England and Wales in 2018, per 10,000 adults

  • Kensington and Chelsea9.9
  • Mole Valley9.9
  • Camden10.0
  • Westminster10.2
  • Wandsworth10.5
  • Harrow11.3
  • Richmond upon Thames, 11.6
  • Epsom and Ewell11.7
  • Brent12.2
  • St Albans12.4

Source: Insolvency Service

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.

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