Fewer failures
The number of companies going into administration has fallen by 15 per cent across the UK and 22 per cent in Yorkshire, Humberside and Tyneside, says business advice firm Deloitte.
But, Ian Brown, Reorganisation Services partner at Deloitte in Leeds, warns the figures should be treated with caution.
“At Deloitte we are seeing more work dealing with troubled companies, which were acquired from earlier failed enterprises and which are now beginning to fail again with increasing momentum.”