Connect with us

Business

Yorkshire and Humber sees one of UK’s biggest falls in insolvency activity

Published

on

Business Live

The fall was the second highest in the UK, only topped by Greater London

Dave Broadbent, R3

Dave Broadbent, R3(Image: R3/Appeal PR)

Yorkshire and Humber businesses navigated tough times last year to see one of UK’s biggest falls in insolvency activity, new data has revealed. The latest R3 Annual Business Health Report has been published by R3, the trade body for restructuring, turnaround and insolvency professionals, uncovering insolvency and start-up activity within the regions, while highlighting sectors under financial stress, and exploring key business pressures.

Supported by data from CreditSafe, R3’s report shows insolvency activity – which includes administration and voluntary and compulsory liquidations – decreased by 9.9% across Yorkshire and the Humber in 2025. The fall was the second highest in the UK, with only Greater London, with an 11% drop, seeing a bigger reduction, followed by the North East with a 9.3% drop.

Areas seeing the biggest jumps in insolvency activity included Northern Ireland and Wales, at 20.2% and 11.7% respectively. While insolvency activity decreased in Yorkshire last year, the region’s performance in terms of new business start-ups was less positive. New start-ups In Yorkshire fell by 8.4%, with 49,605 new businesses registered in 2025.

Only Northern Ireland saw a bigger drop in the number of new businesses, down by 35.3% to 10,781. The report also looked at sector trend, with the UK picture suggesting a fragile operating environment for many local businesses.

Advertisement

Construction continued to account for the highest number of insolvency activities in the UK in 2025 (4,584 cases), despite a modest reduction of 6% on the previous year. The sector was exposed to rising material costs, delayed payments, skills shortages and weak investor confidence.

Construction sector companies to enter administration last year included Kingston Modular Systems, in Hull, which collapsed in September with the loss of 62 jobs. Sheffield based National Timber Group, which had bases across England and Scotland, went into administration in September, but parts of the business have since been rescued.

Meanwhile, Hull construction specialist Tucker Mechanical and Electrical Building Services closed operations in October after more than 50 years of trading.

Tucker Mechanical and Electrical Building Services in Hull

Tucker Mechanical and Electrical Building Services in Hull(Image: Google Earth)

Wholesale and retail (4,124 cases) and accommodation and food services (3,831 cases) also saw increased insolvency activity, reflecting pressure on margins as households reined in discretionary spending and businesses struggled to absorb or pass on higher costs. Manufacturing insolvencies also remained historically high with 2,188 cases, as companies contended with energy costs, supply chain disruption and subdued export demand.

Advertisement

Dave Broadbent, chair of R3 in Yorkshire and partner at BTG, said: “Despite the drop in insolvency activity locally, the R3 report shows that businesses, both regionally and nationally, are struggling to regain their footing in 2025 after several years of economic challenges. While inflation has now eased, the cumulative impact of higher costs, tighter credit conditions and weak demand continues to place significant pressure on local companies, particularly smaller and mid-sized firms with limited financial headroom.

“As we move into 2026, while cashflow and profit margins remain under pressure, seeking professional advice at an early stage from an R3 member can make a critical difference, giving viable businesses the best chance of survival and recovery.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

ArcelorMittal S.A. (MT) Q4 2025 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-02-05 Earnings Summary

EPS of $0.86 beats by $0.31

 | Revenue of $14.97B (1.75% Y/Y) misses by $628.98M

ArcelorMittal S.A. (MT) Q4 2025 Earnings Call February 5, 2026 9:30 AM EST

Company Participants

Daniel Fairclough – Head of Investor Relations & VP of Corporate Finance
Aditya Mittal – CEO & Director
Genuino Christino – Executive VP & CFO

Advertisement

Conference Call Participants

Alain Gabriel – Morgan Stanley, Research Division
Tristan Gresser – BNP Paribas, Research Division
Ephrem Ravi – Citigroup Inc., Research Division
Cole Hathorn – Jefferies LLC, Research Division
Reinhardt van der Walt – BofA Securities, Research Division
Bastian Synagowitz – Deutsche Bank AG, Research Division
Matthew Greene – Goldman Sachs Group, Inc., Research Division
Timna Tanners – Wells Fargo Securities, LLC, Research Division
Philip Gibbs – KeyBanc Capital Markets Inc., Research Division
Maxime Kogge – ODDO BHF Corporate & Markets, Research Division

Advertisement

Presentation

Daniel Fairclough
Head of Investor Relations & VP of Corporate Finance

Good afternoon, everyone. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you for joining this call to discuss ArcelorMittal’s performance and progress in 2025. Present on today’s call, we have our CEO, Aditya Mittal; and our CFO, Genuino Christino.

Before we begin, I’d like to mention a few housekeeping items. As usual, we will not be going through the results presentation that we published this morning on our website However, I do want to draw your attention to the disclaimers on Slide 26 of that presentation. Following opening remarks from Aditya and Genuino, we will move directly to the Q&A session. [Operator Instructions]

Advertisement

And with that, I will hand over the call to Aditya.

Aditya Mittal
CEO & Director

Thanks, Daniel. Welcome, everyone, and thank you for joining today’s call. Before I ask Genuino to walk through our financial performance, I want to start by reflecting on the progress we have made against our 2025 priorities.

Advertisement

When I look back at the year, the achievements are clear and everyone at ArcelorMittal

Advertisement
Continue Reading

Business

New procurement VP named at Flowers

Published

on

New procurement VP named at Flowers

Bret Hathaway to succeed retiring Miles Dennis.

Continue Reading

Business

Perth CBD terror act declared

Published

on

Perth CBD terror act declared

An alleged attempt to detonate a homemade explosive device at a protest on Australia Day has been declared an act of terror, nine days after the incident took place.

Continue Reading

Business

Jobs set to be cut at Wedgwood

Published

on

Jobs set to be cut at Wedgwood

Seventy workers at the Staffordshire site were put on temporary leave last year due to slow demand.

Continue Reading

Business

Packaging producers respond to state packaging sustainability mandates

Published

on

Packaging producers respond to state packaging sustainability mandates

Food producers are hesitant to jump in on EPR rules as they are concerned that they could change.

Continue Reading

Business

Turning Complex Ideas Into Lasting Impact

Published

on

Turning Complex Ideas Into Lasting Impact

Jason Goldberg Winnipeg has built a career around clarity. In a field known for complexity, he has focused on making big ideas work in the real world. Not with noise or headlines, but with structure, discipline, and long-term thinking.

Based in Winnipeg, Jason is a partner at MLT Aikins, the largest law firm in Manitoba and Western Canada. His work sits at the intersection of tax law, business strategy, and transition planning. Over time, he has helped shape transactions and structures that allow businesses and families to move forward with confidence.

“I’ve always believed that good ideas only matter if they can be implemented,” Jason says. “Execution is where value is created.”

Early Influences and a Winnipeg Foundation

Jason Goldberg Winnipeg

grew up in Winnipeg, a city that values loyalty and community. Sports and culture were a constant presence. From the historic Winnipeg Arena to today’s Canada Life Centre, he learned early that showing up matters.

Advertisement

“Winnipeg teaches you to stay committed,” he says. “You don’t chase trends. You build something solid.”

That mindset shaped his early ambitions. In 1989, Jason received a YTV Achievement Award for Entrepreneurship. It was an early signal of his interest in how ideas become sustainable ventures.

He went on to earn a BA from the University of Manitoba in 1993, followed by a law degree from the University of Western Ontario in 1997. He was called to the Manitoba Bar in 1998.

Finding His Path in Tax and Business Law

Early in his legal career, Jason gravitated toward tax law. It was not about numbers alone. It was about how decisions ripple across time.

Advertisement

“Tax law forces you to think ahead,” he says. “You can’t just look at today. You have to understand what happens five or ten years down the road.”

To deepen his expertise, Jason completed the CICA In-Depth Tax Course in 2006, along with advanced training in corporate reorganisations and tax law. These programmes are known for their rigour and practical focus.

“You learn very quickly that precision matters,” he says. “Small details can shape very large outcomes.”

Bringing Big Ideas to Life in Practice

Jason’s work focuses on corporate tax planning, acquisitions and divestitures, reorganisations, and estate and succession planning. Much of it involves closely held and family-owned businesses facing moments of change.

Advertisement

These moments often come with pressure. Emotions run high. Timelines are tight.

“My role is to bring creativity and stamina to a complex problem,” Jason explains. “A concept needs space to be tested before they are put into motion.”

He is known for helping clients translate complex strategies into workable steps. Not by oversimplifying, but by asking the right questions early.

“Good planning is about alignment,” he says. “When structure and intent match, things tend to hold.”

Advertisement

Leadership Through Clarity and Collaboration

As a partner at MLT Aikins, Jason works closely with lawyers, accountants, and advisors across disciplines. Transactions rarely succeed in isolation.

“Everyone brings a piece of the puzzle,” he says. “Leadership is making sure those pieces fit together.”

Jason is also active in professional education. He has written papers for Continuing Legal Education and the Canadian Tax Foundation and presented for organisations such as the Business Development Bank of Canada.

Teaching, he believes, keeps his thinking sharp.

“If you can explain a complex idea in plain language, you can understand it,” he says.

Advertisement

Life Beyond the Office

Outside of work, Jason remains deeply connected to sports and the arts as a supporter. He is a lifelong fan of the NHL and NBA. At home, he supports the Winnipeg Jets. From afar, he follows the New York Rangers. The Phoenix Suns and Vancouver Canucks are also favourites.

“Sports are a shared experience,” he says. “They bring people together in a way few things can.”

That same belief draws him to the arts. Jason regularly attends the Vancouver International Film Festival and the Toronto International Film Festival. He enjoys discovering new voices and perspectives.

He also supports institutions such as the Vancouver Symphony Orchestra, Phoenix Symphony Orchestra, Vancouver Art Gallery, Phoenix Art Museum, the Scottsdale Museum of Contemporary Art and the Agassiz Chamber Music Festival.

Advertisement

“Art challenges how you see the world,” he says. “That’s valuable in any profession.”

Investing in Education and the Future

Jason is an advocate for education and youth development. He actively supports Balmoral Hall School and programmes that encourage leadership, curiosity, and character.

“Education is one of the few investments that always pays forward,” he says.

That belief mirrors his professional philosophy. Focus on fundamentals. Build with care. Let results compound over time.

Advertisement

A Career Defined by Thoughtful Execution

Jason Goldberg’s career is not defined by bold claims. It is defined by follow-through and working the details. By taking complex ideas and turning them into structures that last.

“Success is usually quiet,” he says. “If things are working, you’re probably doing something right.”

From his roots in Winnipeg to his leadership role today, Jason continues to show that innovative concepts and implementation adds value for clients.

Advertisement

Continue Reading

Business

‘Milestone’ deal as Palatine-backed waste manager Papilo buys Midlands group

Published

on

Business Live

Expanded group will focus on companies with zero-waste strategies

Papilo has acquired Allwood Recycling Solutions

Allwood Recycling Solutions is based in Warwick(Image: Allwood Recycling Solutions)

A waste management firm backed by investment group Palatine has acquired a Midlands firm in a “milestone” deal that will create a £60m revenue business with more than 200 employees. Swinton’s Papilo has taken over Warwick-based Allwood Recycling Solutions in its second acquisition since it secured the backing of Palatine’s Impact Fund.

Allwood was founded in 2010 by Darren Wheeler and has been led since 2025 by Gavin Ebery. Both will continue with the Papilo group with the rest of the Allwood team.

The Midlands business focuses on the distribution and logistics sector and manages more than 150,000 tonnes of material each year.

READ MORE: Palatine invests in tech logistics firm fulfilmentcrowd and its global expansion plansREAD MORE: Palatine backs AI and data consultancy Atombit as it makes three acquisitions

Advertisement

Paul Hodgkiss, CEO of Papilo said: “The Allwood team are hugely well-regarded in the industry and I am delighted to welcome Gavin, Darren and the wider Allwood team to Papilo. They bring outstanding experience, technical knowledge and from the outset, it was clear that we share a common purpose where sustainability, and the circular economy, sit at the centre of every service.

“This is a milestone acquisition for the group and will be a major platform for growth.”

Gavin Ebery, managing director of Allwood Recycling Solutions said: “This deal brings together two purpose-driven, like-minded businesses and I’m very excited about the opportunities it will bring to our customers and our people.

“We look forward to a new phase of growth as part of Papilo in a market where increasing numbers of blue-chip companies are rolling out zero waste strategies.”

Advertisement

Greg Holmes, senior investment director at Palatine Impact Fund, said: “This is an important strategic acquisition for Papilo, broadening our service capabilities and brings new experience and technical knowledge into the business.

“We are delighted to have supported on Papilo’s second acquisition in the last eight months and look forward to identifying other suitable targets that will further enhance Papilo’s growth.”

The deal, the value of which was not disclosed, was funded by Palatine Impact II, Kartesia and Virgin Money. Papilo was advised by Gateley Plc (legal), Fellwood Advisory (debt advisory), Forvis Mazars (financial and tax due diligence) and Luminii Consulting (commercial due diligence). Advisors to Allwood included HNH Advisors (corporate finance) and Burges Salmon (legal).

Advertisement
Continue Reading

Business

Nasdaq Extends Decline; AMD Sinks After Earnings

Published

on

Nasdaq Extends Decline; AMD Sinks After Earnings

The Nasdaq composite fell Wednesday as chip stocks came under fresh selling pressure and concerns lingered about potential AI disruption to software companies.

The tech-heavy index pared some losses in afternoon trading, but still finished 1.5% lower, its fourth down session in five trading days. Disappointing results from chip maker AMD sent its stock down 17%, its biggest pullback since 2017. Palantir, Micron and AppLovin all fell 9% or more.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Oddity Tech stock hits 52-week low at $28.78

Published

on


Oddity Tech stock hits 52-week low at $28.78

Continue Reading

Business

BNP Paribas SA (BNP:CA) Q4 2025 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

BNP Paribas SA (BNP:CA) Q4 2025 Earnings Call February 5, 2026 8:00 AM EST

Company Participants

Jean-Laurent Bonnafe – MD, CEO & Director
Lars Machenil – Group Chief Financial Officer

Conference Call Participants

Advertisement

Tarik El Mejjad – BofA Securities, Research Division
Delphine Lee – JPMorgan Chase & Co, Research Division
Giulia Miotto – Morgan Stanley, Research Division
Chris Hallam – Goldman Sachs Group, Inc., Research Division
Jacques-Henri Gaulard – Kepler Cheuvreux, Research Division
Andrew Coombs – Citigroup Inc., Research Division
Flora Benhakoun Bocahut – Barclays Bank PLC, Research Division
Sharath Ramanathan – Deutsche Bank AG, Research Division
Pierre Chedeville – CIC Market Solutions, Research Division
Anke Reingen – RBC Capital Markets, Research Division
Jonathan Matthew Clark – Mediobanca – Banca di credito finanziario S.p.A., Research Division

Presentation

Operator

Advertisement

Good afternoon, ladies and gentlemen, and welcome to the presentation of the BNP Paribas Fourth Quarter and Full Year 2025 results with Jean-Laurent Bonnafe, Group Chief Executive Officer; and Lars Machenil, Group Chief Financial Officer. For your information, this conference call is being recorded. Supporting slides are available on BNP Paribas IR website, invest.bnpparibas.com.

[Operator Instructions] I would like now to hand the call over to Jean-Laurent Bonnafe, Group Chief Executive Officer. Please go ahead, sir.

Jean-Laurent Bonnafe
MD, CEO & Director

Advertisement

Good afternoon, ladies and gentlemen. We are pleased to present today our strong fourth quarter results, and we’ll provide some elements on our ’28 trajectory, which we are revising upwards given the strong revenue momentum at the launch of a transformation plan of our support functions.

I will start with our results on Slide 4. So our fourth quarter results confirmed the sharp acceleration we had expected. Revenues posted a strong 8% growth. Jaws effect was higher at 2.9 points and even reached 3.9 points when excluding AXA IM. Cost of fees stayed low at 34 bps well within our trajectory of below 40

Advertisement
Continue Reading

Trending

Copyright © 2025