Seven consecutive quarters of rising financial distress leaves 527,000 UK businesses in a precarious
Posted On: 26th July 2020
The latest Red Flag Alert research for Q2 2020 has recorded seven consecutive quarters of increased financial impairment resulting in a record 527,000 businesses in significant* financial distress at the end of June 2020 - an increase of 33,000 since the beginning of the year.
The latest Red Flag Alert research for Q2 2020 has recorded seven consecutive quarters of increased financial impairment resulting in a record 527,000 businesses in significant* financial distress at the end of June 2020 - an increase of 33,000 since the beginning of the year.This newly published research from Begbies Traynor, also finds that this represents a considerable increase of 7% since the start of the year, and 9% year on year. The rise could have been much higher, were it not for reduced court activity due to the coronavirus pandemic which has substantially reduced the number of CCJs and winding up petitions being taken against indebted companies.
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