You may want to replace the Insert|Hyperlink version of the hyperlinks with the
=hyperlink() worksheet function version.

David McRitchie posted this and it might help you:

=HYPERLINK("#"&CELL("address",C5),C5)
=HYPERLINK("#"&CELL("address",sheetone!C5),sheeton e!C5)
=HYPERLINK("#"&CELL("address",'sheet two'!C5),'sheet two'!C5)

These formulas will adjust if you change the sheet name or insert/delete
rows/columns on the linked sheet.

TKS_Mark wrote:

When sheets are renamed, the hyperlink should update with the renaming, the
same way formulas update.

Example: The original hyperlink is Sheet2!A1. When sheet2 is renamed to
sheet3, the hyperlink doesn't update with it and clicking on it gives a "the
reference is not valid" error.

It sure would be handy if hyperlinks updated when sheets are renamed.

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Dave Peterson