Business
UK businesses in ‘significant’ financial distress rise by third in Q3
Begbies Traynor found that 632,756 UK businesses are now in significant financial distress, up by 5.1% on the prior quarter (601,950) and by 32.3% against Q3 2023 (478,176)
The amount of UK businesses in “significant” financial distress has risen by a third against the prior year, according to Begbies Traynor’s latest Red Flag Alert for Q3 2024.The report found that 632,756 UK businesses are now in significant financial distress, up by 5.1% on the prior quarter (601,950) and by 32.3% against Q3 2023 (478,176).
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