Yorkshire’s pubs beat the nationwide trend

YORKSHIRE’S PUBS are weathering the storm with a fall in the percentage of pubs at higher than normal risk of insolvency for the second consecutive month, beating the downbeat forecast across the rest of the UK.

Despite high numbers of pub closures across the UK in recent years, levels of pubs at higher than usual risk in the region fell month on month by 0.4 per cent in December, after falling nearly 2 per cent the previous month, according to the latest research by insolvency and restructuring trade body R3.

The percentage of pubs in the region at higher than normal risk is currently 33 per cent, which represents over 1,000 of the nearly 3,200 active pubs in the county.

Levels of distress in the pub sector were higher in many other parts of the UK than in Yorkshire, with 34.7 per cent of pubs nationally at higher than normal risk of insolvency. The regions which fared worst were the South East with 40.8 per cent at higher risk; the East of England (39.6 per cent); and Wales (38.1 per cent). The strongest performances came from the North East with 28.8 per cent at higher than normal risk, and Scotland (30.4 per cent).

Eleanor Temple, chair of R3 in Yorkshire and a barrister at Kings Chambers in Leeds, said: “With ONS figures released last month reporting that more than a quarter of Britain’s pubs have closed since 2001, there’s no doubt that the sector has been amongst the worst hit in recent years.

“However, the World Cup and the hot summer provided a welcome boost and it is to be hoped that this momentum will continue as people are reminded of the lure of their local.

“The fashion for craft ales and speciality gins is also bringing new life to the sector.”

Looking at other industries, Yorkshire restaurants also put in a robust performance this month, with levels of businesses in the sector at greater than average risk of insolvency at 32.8 per cent, below the national average of 34 per cent.

In less positive news, 40.7 per cent of shops in the region were at higher risk, above the UK-wide figure of 37.8 per cent.

R3 uses research compiled from Bureau van Dijk’s ‘Fame’ database.

The fashion for craft ales and gins is bringing new life to the sector. Eleanor Temple, chair of R3 in Yorkshire

RAISE A GLASS: Eleanor Temple, the chair of R3 in Yorkshire, hopes the momentum gained over the summer thanks to the World Cup and heatwave will help local pubs to prosper.