COMPANY insolvencies rose by more than 35% in Yorkshire during the third quarter of the year, a survey has revealed.

Accountancy firm PericewaterhouseCoopers said that 479 businesses in the region became insolvent during the three months compared with 355 in the second quarter.

The failure rate was 65% higher compared with the third quarter of 2007 with builders, manufacturers and retailers the worst hit.

Steve Ellis, of PwC in Leeds, said: “We predicted in the last quarter that the small decrease in figures would be the calm before the storm.

“A 65% increase on the same period last year shows that the lack of confidence and capital is now impacting a much broader range of the economy than we have experienced to date.”



See Original Article

Call now for help with corporate debts.

Call us on: 0800 071 1616

Email us on: info@debtsgone.co.uk

Website: www.debtsgone.co.uk