The rate of both new business starts-ups and insolvency-related activity dropped for the second consecutive month in Yorkshire and the Humber in May, while other regions saw sharp rises in insolvency-related activity, according to the latest research from R3, the UK’s insolvency and restructuring trade body.
Based on analysis of data provided by Creditsafe, the report shows a 10% decline in insolvency-related activity in the region last month, while new Yorkshire and Humber business start-ups also fell by 5%.
Business start-up rates dropped across every region of the UK, with Northern Ireland seeing the largest decline in new businesses, at 17% down, and the South East experiencing a fall of…
