UK debt collections

AUGUST 16, 2022

The number of businesses in critical distress has increased by 37% in the past year. The latest Begbies Traynor Red Flag Alert report has revealed the financial strain continuing to be faced by thousands of British businesses. Sectors with the highest number of critically distressed businesses: Construction. Support Services.

Manufacturing 97

Manufacturing Retail Government Construction 97

UK debt collections

MAY 4, 2022

Businesses in significant financial distress are down 20% on the level a year ago at 581,596, though this is flat on the previous quarter. The data points to a forthcoming wave of business failures as the economy adjusts to the post-pandemic reality with Covid reliefs cut off and rapid growth in inflation.

Government 83

Government Construction Loans Creditors 83

UK debt collections

JANUARY 25, 2021

Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the restructuring firm Begbies Traynor. The latest research for Q4 2020 recorded the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017.

Construction 94

Construction Financial services Government Trade 94