More than 1,200 jobs and 100 companies have been saved in the last 12 months by a Sheffield insolvency firm.
Wilson Field, which has offices in Sheffield, Leeds, Manchester and the West Midlands, announced the figures for the year to April 2012.
The results are some of the highest in the company’s history. In addition, Wilson Field helped return more than £5.5m owed to creditors from businesses which have gone into administration, liquidation and Company Voluntary Arrangements (CVA).
Recent cases include the administrations of Panel Shop Ltd and S&B Hire & Sales Ltd.
Nick Wilson, managing director of Wilson Field, said: “Business recovery is a significant part of the business and our insolvency practitioners go into every company with the aim of restructuring its operation, where possible, to help them survive.
“These figures are a reflection of the success of that work and how we can help businesses continue to trade and provide employment to people by putting them on a more stable financial platform.
“In addition, by keeping businesses afloat we have seen more money going to creditors which otherwise may have been lost.”