Due to a major downturn, UK jobs in the oil and gas sector could reach 120,000 by the end of 2016. Oil & Gas UK estimated that appoximately 84,000 jobs connected with the sector went in 2015, with another 40,000 losses expected during the current calender year.

It said the offshore industry supported 453,000 jobs at its 2014 peak – either directly, in its supply chain or in trades such as hotels and taxis.

The analysis was carried out by marketing services company Experian.

Many companies have struggled following the constant decline in oil prices.

T H Financial Recovery work with both individuals and businesses in financial difficulty.  If your business is facing problems and you need advice on the options available, such as new funding, business restructuring or help with insolvency, we can help.

Give us a call to arrange a FREE, no obligation consultation. We handle both informal and formal insolvency work, including:

Business Assessment and Restructuring, New Funding Options, Creditor negotiation and time to pay arrangements, Company and Individual Voluntary Arrangements (CVAs & IVAs), Administration, Liquidation, Bankruptcy.  Give us a call to arrange a FREE, no obligation consultation.  Tel: 01772 641146