Tag: Finance Yorkshire

More than 500,000 UK Companies in Significant Financial Distress

509,000 UK companies are in significant financial distress—the highest number ever measured. The coronavirus lockdown has seen the largest quarterly increase in the number of businesses in significant distress since the end of 2017, growing by 15,000 companies. This figure is expected to increase throughout Q2 as COVID-19 restrictions continue. The number of critically distressed…




UK Economic Growth Driven By Service Sector

Despite aims to increase the UK’s industrial output since the last recession, the UK is still heavily reliant on the service sector for growth as industrial output slumps. The UK’s industrial output slumped against expectations according to the latest figures released by the Office for National Statistics (ONS). The news will come as a blow…




Finance Yorkshire Looking for Clarity and Solution after Sterecycle Collapse

Representatives from Finance Yorkshire are set to attend a meting of shareholders as the firm looks to recover the funds they invested in failed waste management firm Sterecycle. The meeting is taking place to see if Finance Yorkshire will be eligible to receive money owed to them at the creditors meting, which will take place…