Six out of the 10 towns in the UK recording the highest level of bankruptcy
per head are based in the South west of
England, a study commissioned by the BBC has found.
The survey also found that the North of England and Scotland are also areas
of high financial stress – nearly three out of 10 people in Manchester and
Glasgow say they suffer from high levels of financial stress.
Research by credit checking
agency Experian built a debt profile of
the UK for the BBC after looking at more than 300 UK towns and boroughs to see
which parts were struggling the most with debt, charting the prevalence of
bankruptcies, Individual Voluntary Arrangements (IVAs) and people feeling
stressed by their finances.
Liz McVey, the manager of the
Glasgow office of the
Consumer Credit Counselling Service, told BBC News: “We have doubled the
number of counsellors in the past year, just to cope with the demand from people
in debt difficulty.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies