THE number of insolvent companies in the region increased by 45 per cent in the fourth quarter of 2005 compared to the same period in 2004.
That's according to figures released by PricewaterhouseCoopers LLP which says that Yorkshire and the Humber had the highest increase in the number of insolvent companies in the country.
In total, 295 companies in Yorkshire and Humber entered insolvency in the fourth quarter of 2005, compared with 203 in the same period in 2004.
In 2005, the number of insolvent companies in Yorkshire and the Humber increased by 36.77 per cent in comparison with 2004. This was the third highest rise behind the South East and North West, which recorded rises of 37.53 per cent and 37.19 per cent respectively.
Steve Ellis, business recovery services partner at PricewaterhouseCoopers, said: "The increase in corporate insolvencies in 2005 reflects the gradual slowdown in the economy generally."
Updated: 15:23 Wednesday, February 08, 2006
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article