Red Flag Alert

UK businesses facing ‘historic’ levels of financial distress

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 Traynor. The 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…

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UK businesses in ‘significant’ financial distress rise by third in Q3

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…

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Number of companies in ‘significant’ financial distress jumps 10% in Q2

The latest Begbies Traynor Red Flag Alert research has revealed a “particularly worrying” picture as the number of UK companies in “significant” financial distress jumped by nearly 10% in Q2 2024 to 601,950 businesses.  The marked acceleration in the number of companies was driven significantly by the travel and tourism…

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Businesses in critical distress surge by a quarter in Q3, Begbies finds

Almost 40,000 UK businesses are now in ‘critical’ financial distress, up by nearly 25% between Q2 and Q3 2023, with the number now standing at 37,722, according to new findings from Begbies Traynor. Almost 480,000 businesses are in ‘significant’ financial distress, 8.7% higher than Q2 and 4.7% higher than the…

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Insolvencies surge 4% across UK businesses, Begbies Traynor finds

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.   The report, which has been monitoring businesses for over 15 years, also revealed an 11% rise in critical…

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Begbies appointed liquidators of Crossfield Living

Jason Greenhalgh and Paul Stanley of Begbies Traynor have been appointed as joint liquidators of Liverpool-based construction firm, Crossfield Living Limited, which has entered creditors’ voluntary liquidation. Crossfield Living ceased to trade on 29 April 2022 after it faced “significant” financial pressure, with Covid restrictions, the soaring price of raw…

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Firms ‘brace’ for insolvency storm to hit home, warns Begbies

Businesses are now braced for the insolvency storm to “hit home”, with those reporting ‘significant financial distress’ up 5% during final quarter of 2021 to 589,168, according to Begbies Traynor’s latest Red Flag Alert research. It revealed there is also a 106% rise in County Court Judgments (CCJs) – a…

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723,000 businesses in ‘significant financial distress’, says Begbies Traynor

Some 723,000 businesses are reportedly in “significant financial distress” according to the latest Red Flag Alert research for Q1 2021 by Begbies Traynor. The research found a 42% increase in significantly distressed companies since Q1 2020 and a 50% increase in distress within the financial services sector. The report revealed…

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630,000 UK businesses in serious distress, says Begbies Traynor

Some 630,000 businesses in the UK are in “serious distress”, according to Begbies Traynor’s latest Red Flag Alert research for Q4 in 2020. This is a 13% increase from Q3, a rise of 557,000, as the country returns to pandemic lockdown restrictions. Financial distress increased in all 22 sectors monitored…

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557,000 UK businesses in ‘significant distress’

The latest Red Flag Alert research for Q3 2020 has recorded 557,000 businesses in ‘significant distress’ after the largest quarterly leap in financially distressed companies since 2017, according to accountancy firm Begbies Traynor. The 6% increase from 527,000 in Q2 2020 in the last three months comes despite a backlog…

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