The latest Begbies Traynor “Red Flag Alert” research, which has provided a snapshot of British corporate health for over 15 years, highlights the speed at which financial distress has accelerated over the last 12 months, with 554,554 UK businesses now in ‘significant’ financial distress – a 30.8% rise compared to Q1 2023. This deterioration now affects all 22 sectors covered by this latest research.
Fresh data released today by Begbies Traynor reveals the number of firms on Merseyside starting 2024 on the brink has now surged past 5,000.
Fresh data released today by Begbies Traynor reveals the number of Lancashire firms who have started 2024 on the brink has now surged past 10,000.
Fresh data released today by Begbies Traynor reveals the number of North West firms who have started 2024 on the brink has now surged past 50,000.
With Christmas just around the corner, new data from leading insolvency firm, Begbies Traynor, covering the first 10 weeks of Q4 2023 (1 October to 14 December), has revealed the full impact of the current economic environment on the retail sector in the UK.
The latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for the past 15 years, paints a worrying picture for UK businesses as nearly 40,000 companies are revealed to be in a critical financial situation as the pressure of higher interest rates, resilient inflation and weaker consumer confidence take their toll. These pressures are now clearly being seen beyond consumer facing sectors and are becoming widespread, particularly within the construction and property sectors.
New data released today by Begbies Traynor reveals the number of North West firms operating on the brink is now close to 50,000 as business challenges mount up for SME’s.
New data released today by Begbies Traynor in Preston reveals the number of Lancashire-based firms operating on the brink has risen to more than 9,000 as business challenges mount up for SME’s.
New data released today by Begbies Traynor in Liverpool reveals the number of Merseyside firms operating on the brink is now close to 5,000 as business challenges mount up for SME’s.
New data released today by Begbies Traynor reveals increasing numbers of North West firms face significant financial distress as inflation and interest rates bite.
Rising debt and inflation drives a surge in companies entering financial distress
New data published today by Begbies Traynor (25th January 2023) indicates businesses in the Liverpool City Region are still battling the legacy impact of Covid debt and are deeply troubled by inflation.
New data published today by Begbies Traynor (25th January 2023) indicates businesses are still battling the legacy impact of Covid debt and are deeply troubled by inflation.
New data published today by Begbies Traynor (24th January 2023) indicates businesses are still battling the legacy impact of Covid debt and are deeply troubled by inflation.
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.