Y&H region has highest rate of company insolvency
Official figures published by the Government’s Insolvency Service have highlighted a stark contrast in the likelihood of success for businesses based in Yorkshire and the Humber in comparison to businesses across the rest of England and Wales.
The statistics have revealed that companies in Yorkshire and Humberside have a 59% higher rate of failure than the national average.
In 2017, the latest year for which full figures are available, the rate of failure for companies in Yorkshire and the Humber were 129 per 10,000, much higher than the average failure rate of 89 per 10,000. The neighbouring North East region had a failure rate of 123 per 10,000 enterprises.
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