Business

UK businesses facing ‘historic’ levels of financial distress

The sharp quarter-on-quarter increase was driven by a ‘substantial’ growth in distress in 21 of 22 sectors

The number of UK businesses in “critical” financial distress has rocketed 50.2% quarter-on-quarter to 46,853 in Q4 in what has been a “worrying surge”, according to Begbies TraynorThe sharp quarter-on-quarter increase was driven by a “substantial” growth in distress in 21 of the 22 sectors covered by the firm’s Red Flag Alert.

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