Instances of financial distress within Humber businesses increased in the final quarter of 2021 - though remained lower than the rest of the UK.
The impact of the latest Covid variant appeared to curtail early signs of economic recovery, according to the latest Red Flag Alert data published by leading independent business rescue and recovery specialist Begbies Traynor.
A three per cent rise in significant distress was witnessed on the previous three months, compared to five per cent across the nation.
