Accounting Firms

UK corporate debt soars to £6tn, Begbies Traynor report

The analysis of 3 million tax returns by the restructuring and insolvency specialist, discovered that 2020 accounts show 1.2 million businesses with a liquidity ratio lower than 1*

UK corporate debt soared by £1.9tn in 2020 to £6.6tn, with some 52% of UK businesses now saddled with ‘toxic debt’ that may never be repaid, according to new data from Begbies Traynor Group.

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