The number of new businesses launched in Yorkshire and the Humber fell in August, while insolvency-related activity also declined, according to new analysis from R3, the UK’s restructuring, turnaround and insolvency trade body.
R3’s latest figures, based on data from Creditsafe, show that business start-ups across Yorkshire and the Humber dropped by 11.3% in August compared to July, falling from 4,728 to 4,192. The region mirrored a national picture of declining start-up activity. Every UK nation and region saw a fall in August, with the sharpest drops in the North West (-13.3%), East Anglia (-10.3%) and Northern Ireland (-10.2%).
Yorkshire and the Humber also saw insolvency-related activity…