News Over half a million UK businesses fighting for survival as UK economy stagnates
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.