Insolvencies surge 4% across UK businesses, Begbies Traynor finds

Small companies are especially vulnerable on Covid loan repayments, as the problem has been compounded by cuts to energy bill relief, high inflation and falling demand

Over 610,000 businesses across the UK are in “significant” financial distress as the number of companies facing insolvency is 4% higher than last year, according to Begbies Traynor’s ‘Red Flag Alert’ report.  

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